Northamptonshire insider dealing prosecution
At a plea and trial preparation hearing at Southwark Crown Court on 11 March 2021, a date was set for the trial of Stuart Bayes and Jonathan Swann.
Mr Bayes and Mr Swann are being prosecuted by the FCA for insider dealing. Mr Bayes has also been charged with improperly disclosing inside information, or encouraging another, whilst being an insider, to engage in dealing.
The case was listed for trial on 4 April 2022 and neither defendant was arraigned.
The next hearing in the case will be for case management on 10 September 2021.
Update – 22 June 2022
The Financial Conduct Authority is pursuing a re-trial of Stuart Bayes and Jonathan Swann for insider dealing offences. This follows the Court’s decision on 25 May 2022 to discharge the jury after they were unable to reach a verdict following an eight-week trial at Southwark Crown Court.
The court set the date of 11 September 2023.
Insider dealing and fraud case involving brothers
At a plea and trial preparation hearing at Southwark Crown Court on 16 March 2021, a date was set for the trial of Mohammed Zina and Suhail Zina.
The brothers are charged with 6 offences of insider dealing 3 offences of fraud by false representation.
The case was listed for trial for 8 weeks, beginning on 4 April 2022.
Arraignment will take place at a further hearing on 28 June 2021.
Mohammed Zina and Suhail Zina were both granted unconditional bail.
The FCA cannot provide any further comment or information about either case at this time.
Update – 20 October 2022
The trial of Mohammed Zina and Suhail Zina has been re-listed after it was vacated due to barrister strike action in August 2022.
The trial will now take place at Southwark Crown Court on 27 November 2023.