A senior investment banker and former FSA approved person has today been sentenced to three years and four months in custody for insider trading.
His wife, Angie Littlewood has also been sentenced to twelve months in custody, suspended for two years, while family friend Helmy Omar Sa'aid was sentenced to two years in custody. Sa'aid has also been ordered to pay £640,000 in confiscation while confiscation orders in relation to the Littlewoods will be dealt with at a later date. The trio had pleaded guilty to eight counts of insider dealing related to trading in a number of different London Stock Exchange and AIM listed shares between 2000 and 2008. Christian Littlewood is a former employee of Dresdner Kleinwort, the investmen...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
