Former equities trader at Schroders Investment Management sentenced for insider dealing
In sentencing Mr Clarke the judge, Her Honour Judge Korner QC, remarked ‘it was no exaggeration when prosecution counsel said in opening that these offences were pre-meditated, deliberate, and dishonest.’
Mark Steward, Director of Enforcement and Market Oversight, said
‘This is yet another case involving a city professional caught and jailed for abusing the market that employs him. Insider dealing is increasingly detectable these days and, where detected, more likely to lead to terms of imprisonment and shame rather than glamorous profits and fame.’
Confiscation proceedings will also be pursued against Mr Clarke.