LGIM trader faces charges in FSA insider trading probe

Paul Milsom and Graeme Shelley will make their first court appearance at Westminster magistrates' court on Wednesday as part of a criminal probe that accuses the pair of insider trading offences, according to the Financial Times. Shelley, a former broker a Novum Securities, was one of seven suspects arrested in March 2010 after a series of dawn raids at the homes of employees of institutions including Deutsche Bank and Moore Capital. The raids were conducted by the FSA, with assistance from the Serious Organised Crime Agency, in an operation codenamed Tabernula, which is Latin for "li...