Monday, June 11, 2007

FSA Struggles to Prosecute Insider Trading That Doesn't Take Place in U.K.

(Bloomberg) -- Insider trading barely takes place
in the U.K. based on the number of penalties by the nation's
securities regulator: none this year and eight since 2001.

Stock movements ahead of acquisitions suggest otherwise.
Reuters Group Plc rose as much as 8.3 percent minutes before the
company said it received a takeover approach on May 4. Hanson
Plc climbed 4.8 percent just an hour ahead of HeidelbergCement
AG's takeover announcement. Northgate Information Solutions Plc
gained 10 percent a day before saying it had received ``a
number'' of offers from potential buyers.


Read more at Bloomberg Stocks News

No comments: