Jail for ex-Cazenove partner who pocketed £100k from insider dealing

Malcolm Calvert, an equities marketmaker, was yesterday found guilty of five counts of insider dealing after making £103,883 profit. Passing sentence today, Judge Testar said Calvert had "clear undersanding of the seriousness of what he was doing" and committed his offences "deliberately not recklessly", the Times reports. Calvert was found guilty of obtaining confidential information on upcoming takeovers and instructing a friend, Bertie Hatcher, to buy shares. After the deals were announced, the shares soared in value and Hatcher sold them at a £104,000 profit. Calvert picked up ...