UK Couple Pays $2.35M In Record FSA Insider Trading Case

Law360, New York (August 20, 2012, 12:26 PM EDT) -- The U.K.'s Financial Services Authority said Monday that it would confiscate £1.5 million ($2.35 million) in insider trading profits from a former Dresdner Kleinwort investment banker and his wife, giving the regulator its largest-ever yield in an insider trading prosecution.

Christian Littlewood was sentenced in February 2011 to 40 months in prison, the longest sentence the U.K. has given for insider trading. Angie Littlewood was given a one-year prison sentence that was suspended for two years.

The FSA said a Southwark Crown Court had ordered each...
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