The Financial Services Authority has announced that Paul Milsom, a senior equities trader, has been sentenced to two years imprisonment for disclosing inside information between October 2008 and March 2010 (release).
Tracey McDermott, director of enforcement, said:
“This case involved serious offending over a number of years, conducted in a sophisticated way using deliberate techniques to avoid detection. Milsom was an approved person who was entrusted by his employer with sensitive and valuable information. He betrayed that trust by exploiting the information for his own benefit.