OBE director fined £60k for insider dealing

The regulator says Darwin Lewis Clifton, a non-executive director at AIM quoted firm Desire and director and shareholder of Byron Holdings (Byron), directed Byron to buy shares in Desire on four separate occasions between 19 November 2007 and 8 February 2008. Byron was also handed a fine of £86,030 for dealing in the shares of Desire. The FSA says Clifton did not consider at the time whether it was illegal to profit from the information he had obtained. "Mr Clifton held a position of trust as a non-executive director of Desire, but he fell short of the high standards expected of someone...