Reference Case Number: FOI9685
Freedom of Information: Right to know request:
Please advise how many people were:
- investigated
- prosecuted
- convicted
For insider dealing in each year from 2015 to 2022, with each of a, b and c to be noted separately for each year from 2015 to 2022.
FCA response:
We have processed your request in line with the provisions of the Freedom of Information Act 2000 (FOIA) and can provide the requested information in the table below.
Please note that we changed our case recording system in 2018. Consequently, due to the way in which our pre-2018 data is held, we are unable to provide a yearly breakdown in relation to when those cases were opened.
|
Year |
Investigations opened |
Prosecutions |
Convictions |
Acquittals |
|---|---|---|---|---|
|
2015 |
118 cases opened, prior to the change in our case recording system in 2018 |
0 |
2 |
0 |
|
2016 |
0 |
6 |
4 |
|
|
2017 |
0 |
1 |
0 |
|
|
2018 |
6 |
0 |
0 |
0 |
|
2019 |
26 |
0 |
2 |
0 |
|
2020 |
22 |
0 |
0 |
0 |
|
2021 |
14 |
4* |
0 |
0 |
|
2022** |
22 |
0 |
0 |
0 |
* Trial dates set for October and November 2023 – please see our webpage[1].
** This data covers the period up to 1 November 2022. Please note that the investigations opened in 2022 are ongoing, and therefore, we have not yet reached a decision on whether or not to prosecute.
Please see the following press releases relating to the convictions which we have obtained:
2015
Former Logica PLC Manager pleads guilty to insider dealing[2]
2016
FCA secures confiscation orders totalling £1.69 million against convicted insider dealers[4]
Former equities trader at Schroders Investment Management sentenced for insider dealing[5]
Mark Lyttleton sentenced to 12 months imprisonment for insider dealing[6]
Two sentenced in insider dealing case[7]
2017
Richard Baldwin, sentencing 3 September 2019[8]
2019
Insider dealer Walid Choucair ordered to pay £3.9 million in confiscation[9]
Please note that insider dealing cases do not always result in criminal action; cases may also result in civil action – for example, please see here[10] and here[11]. Please also see our website[12] for further information on our work in relation to market abuse and manipulation.