Summary
Jail sentences for insider dealers have been rare and sentences of more than a few months rarer still. Only the other day, the Financial Services Authority found a stockbroker guilty of insider dealing and fined him £18,000 under its civil powers. Given that he'd made a profit of at least £4,942 on the illicit deal, the actual pain was more like £13,000.
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Extract
The Business
The Institute for Fiscal Studies has spoken. The high priests of the dismal science, after much prodding about in the entrails of the public finances, have reached a conclusion: the Chancellor will need to raise £11bn in extra tax after th...
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