The FSA has charged five individuals for insider dealing, adding to the 11 currently being prosecuted by the regulator.
James Paul Sanders, director of specialist Contract for Difference (CfD) brokerage Blue Index, and his wife Miranda Sanders, have been jointly charged with seven offences of insider dealing relating to trading ahead of seven separate takeover announcements.
Paul Sanders has also been separately charged with three offences of disclosing inside information contrary to section 52 of the Criminal Justice Act 1993.
Meanwhile Christopher Hossain, a senior trader at Blue Index, has been charged with offences of encouraging clients of the firm to trade CfDs in relation to two of the stocks and Hossain has also been charged with a further offence of insider dealing ahead of a takeover announcement.
James Swallow, co-owner and a director of Blue Index, has been charged with three offences of insider dealing relating to his trading ahead of three separate takeover announcements.
Adam Buck, a former employee of Blue Index and close associate of James Paul Sanders, has also been charged with one offence of insider dealing.
All the offences took place between October 2006 and February 2008 and the individuals were arrested on 27 May 2009.
They have all been bailed by City of London Police and will appear at City of Westminster Magistrates Court on 20 December.
Since March 2009, six individuals have received sentences of imprisonment in relation to insider trading.
Another trial commenced earlier this month while a further ten are scheduled to begin over the next year.
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