FSA fines former stockbroker £24,000 for insider dealing

Alexei Krilov-Harrison released inside information of a major contract between Provexis and an international food company to his clients two days before the formal announcement, when the company's share price was forecast to rise as a result. On 28 March 2007, Krilov-Harrison made three calls to clients disclosing the upcoming Provexis deal, advising the share price would ‘jump up substantially' when made public and encouraging them to buy Provexis shares. Two days later, Provexis announced the new contract and its share price increased by 19.81% from the closing price on the previous...