A former partner at Cazenove, the Queen's stockbroker, who is due to stand trial on insider-dealing charges next week appeared in court for a pre-trial hearing yesterday.
Malcolm Calvert, a former trader who retired from Cazenove in 2000, is accused by the FSA of 12 counts of insider dealing relating to upcoming takeovers in which Cazenove was involved, writes the Times. He is alleged to have exploited inside knowledge to buy hundreds of thousands of shares in six companies, including HP Bulmer and RAC between 2003 and 2005, after he had left Cazenove. Full story...
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