The Financial Services Authority (FSA) has launched its first criminal charges for insider trading - against a former general counsel. Christopher McQuoid, former general counsel at Hertfordshire-based telecoms company TTP Communications, and father-in-law James William Melbourne are accused of insider trading ahead of an £103m offer made for TTP by Motorola in June 2006. The pair are accused of buying 153,834 shares two days ahead of the announcement of the bid.
January 24, 2008 at 09:01 AM
1 minute read
The original version of this story was published on Legalweek
The Financial Services Authority (FSA) has launched its first criminal charges for insider trading – against a former general counsel.
Christopher McQuoid, former general counsel at Hertfordshire-based telecoms company TTP Communications, and father-in-law James William Melbourne are accused of insider trading ahead of an £103m offer made for TTP by Motorola in June 2006. The pair are accused of buying 153,834 shares two days ahead of the announcement of the bid.
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