Six jailed for insider dealing after FSA win

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Six people have been jailed after a successful Financial Services Authority (FSA) prosecution for insider dealing.

One of the men, Paresh Shah, is a former independent financial adviser, working as a sole trader at Sesame appointed representative Elite Financial Planning Services until 2008. Along with Ali Mustafa, Pardip Saini, Neten Shah, Bijal Shah, and Truptesh Patel, he was found guilty earlier this week, following a four and a half month trial at Southwark Crown Court. The sentences they received today ranged from 18 months to three years and six months in jail. Their offences were for insider dealing contrary to section 52 of the Criminal Justice Act 1993, committed between 2006 and 2008...

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