Three people have pleaded guilty to insider dealing following a prosecution brought about by the Financial Services Authority (FSA) relating to Blue Index, although two other employees caught up in the same case have been acquitted.
James Sanders, a director of the contract for difference (CFD) brokerage, pleaded guilty to a total of ten charges of insider dealing, while his wife Miranda Sanders pleaded guilty to five charges of insider dealing. Meanwhile, James Swallow, a co-director of Blue Index, pleaded guilty to three charges of insider dealing, and all three will be sentenced on 19 June. However, Christopher Hossain, a former senior trader at Blue Index and Adam Buck, a former employee of Blue Index, were acquitted of charges of insider dealing at a trial heard at Southwark Crown Court. The prosecution h...
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