Six guilty in trading probe

City A.M. Reporter
SIX people were yesterday found guilty of running an insider dealing ring that netted over £700,000, after the longest and most complex prosecution brought by the FSA.

The six used confidential and price-sensitive information from the London printers of Swiss bank UBS and UK brokerage JP Morgan Cazenove to place spread bets on proposed or forthcoming takeover bids, the court heard when the trial opened in March.

They will be sentenced on Friday.