Insider dealing
Insider dealing covers allegations of trading while in possession of inside information, encouraging others to deal in such circumstances and disclosure of inside information other than in the proper performance of one’s employment. A person who discloses confidential information may do so to a friend, family member or colleague without any expectation that person would trade on the basis of the information disclosed.
Insider dealing experts
We have extensive experience of representing individuals who have become embroiled in insider dealing investigations, whether they are professional traders or have become caught up in an investigation through personal trading on their own account.
Insider dealing law
What is insider dealing?
Insider dealing is where a person who has inside information about certain securities (e.g. shares in a listed company) does one of the following whilst in possession of that information:
- Deals in those securities on a regulated market (this includes spreadbetting and contracts for difference (CFDs));
- Encourages another person to deal in those securities; or
- Discloses the information to another person, other than in the proper performance of one’s employment, office or profession.
Inside information is information which:
- Relates to particular securities or a particular issuer of securities;
- Is specific or precise;
- Has not been made public; and if it were made public would be likely to have a significant effect on the price of any securities.
- Note: The definitions of inside information and insider dealing vary slightly between the criminal and civil offences.
Does it matter how I received the inside information in question?
Yes, a person can only be guilty of insider dealing if he has the inside information “as an insider”. This means that the person must both know that the information is inside information and also know that he has the information from an inside source.
A person has information from an inside source in three scenarios:
- If he has it through being a director, employee or shareholder of an issuer of securities; or
- If he has it through having access to the information by virtue of his employment, office or profession; or
- If the direct or indirect source of the information is a person within one of the preceding two categories.
ABOUT HARDING MITCHELL
Advice on a full range
of commercial fraud matters
We are specialists in uncovering and pursuing complex, high-value frauds through internal and external investigations, within the UK and across international borders. Our experts work with experienced private investigators and forensic accountants to determine the nature of the fraud and devise the most effective strategy to trace assets and return them to their rightful owners.
EXPERIENCED SOLUTIONS
We ensure you have a solution with the right
experience and approach to you.
ALWAYS LISTEN
Your solicitor will develop understanding of your
needs and the approach you want to take.
ALWAYS CLEAR
We will provide a detailed cost estimate before you
agree to proceed with your case.
RIGHT APPROACH
We will identify the best way to achieve your goals
that are realistic and attainable.
EXCEPTIONAL CARE
We deliver on our promises and celebrate our
successes, we are friendly and caring.
"Winning isn't Everything it's the only thing"
Ready to talk?
Contact us now concerning your case and discover why our clients so often recommend us as one of the leading teams of solicitors in London.
