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Insider Trading: Convictions

Volume 503: debated on Thursday 7 January 2010

To ask the Secretary of State for Justice how many people were convicted for offences related to insider dealing in each year since 2005; and if he will make a statement. (308376)

The number of persons found guilty at all courts in England and Wales for offences under the Criminal Justice Act 1993 and the Financial Services and Markets Act 2000 from 2005 to 2007 (latest available) can be viewed in the following table.

Data for 2008 are planned for publication on 28 January 2010.

The number of defendants found guilty at all courts for offences relating to insider dealing, England and Wales 2005 to 20071,2

Offence description

Statute

2005

2006

2007

Insider dealing

Criminal Justice Act 1993, Sec 52

4

2

6

Disclosure, obstruction making false or misleading statements etc

Financial Services and Markets Act 2000, Secs 346, 351, 352, 397 and 398; Sch 4

1

2

3

1 The statistics relate to persons for whom these offences were the principal offences for which they were dealt with. W hen a defendant has been found guilty of two or more offences the principal offence is the offence for which the heaviest penalty is imposed. Where the same disposal is imposed for two or more offences, the offence selected is the offence for which the statutory maximum penalty is the most severe.

2 Every effort is made to ensure that the figures presented are accurate and complete. However, it is important to note that these data have been extracted from large administrative data systems generated by the courts and police forces. As a consequence, care should be taken to ensure data collection processes and their inevitable limitations are taken into account when those data are used.

Source:

Justice Statistics Analytical Services—Ministry of Justice