FSA charges four men with insider dealing

 
Tim Wallace
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FOUR financiers were charged with insider dealing yesterday by the Financial Services Authority (FSA).

The men are accused of making £3m in profits from illegal dealing from November 2006 to March 2010.

Martyn Dodgson is the only one who was FSA registered.

He was a senior corporate broker at Deutsche Bank during some of the period in question, after a stint at Lehman.

“Deutsche Bank cooperated fully with the authorities in their investigation into this matter,” said a bank spokesperson. “The investigation concerned one individual and not the bank itself.”

Also charged are businessman Andrew Hind and private traders Benjamin Anderson and Iraj Parvizi, who are believed to have been active in the Alternative Investment Market.

The four will appear at Westminster magistrates on 19 October.

The FSA said the charges arose from Operation Tabernula – a long-running joint investigation run with the Serious Organised Crime Agency.

It called Operation Tabernula its “largest and most complex insider dealing investigation to date”.