FCA starts proceedings against five over dealing and money laundering

Ringleader accessed confidential information from Janus Henderson

Hope William-Smith
clock • 1 min read

Criminal proceedings have begun against a group of five men the Financial Conduct Authority (FCA) allege conspired to commit insider dealing between 2019 and 2021.

The five includes a ringleader who the regulator yesterday (25 January) said used confidential inside information accessed while he was an analyst at Janus Henderson. The FCA said the information provided within the group of Oerta Korfuzi, Redinal Korfuzi, Iva Spahiu, Rogerio de Aquino and Dema Almeziad enabled "timely and profitable trading in 49 companies". The quintet was able to realise profits of around £1.5m using a derivative product called ‘contracts for difference' in relation to each of the 49 companies, betting that the value of shares would go down after the announcements....

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