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Prosecutors for the FCA have alleged that Mohammed Zina, a former analyst at Goldman Sachs, and his brother, Suhail, formerly a solicitor at Clifford Chance, tapped private, privileged information to buy and sell shares. (iStock.com/SHansche)

Lawyer, Banker Brothers On Trial For Insider Dealing

A former Clifford Chance lawyer and his Goldman Sachs analyst brother used insider information to "gamble on the stock exchange" with money they unlawfully obtained from a U.K. lender, the Financial Conduct Authority told jurors at a London trial on Thursday.

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BREAKING: Lawyer Gets Suspended Sentence For Warning Client About SFO Probe

A City solicitor was hit with a nine-month suspended prison sentence at a London court on Thursday for tipping off a client about an anti-money laundering investigation by the Serious Fraud Office.

CMA Can Revive Probe Into Google, Apple Gaming Services

The Competition and Markets Authority can open a fresh investigation into Apple and Google's mobile browser and cloud gaming services, the Court of Appeal ruled Thursday, overturning a decision that the antitrust regulator had no power to launch the inquiry.

SRA Won't Tax Legal Profession For Axiom Collapse, Just Yet

The Solicitors Regulation Authority said on Wednesday that it will not introduce a one-off levy on solicitors to compensate clients of Axiom Ince — although the regulator might ask solicitors to chip in when they renew their practicing certificate in 2024.

Metals Market Defeats High Court Challenge Over Nickel Crisis

The High Court dismissed on Wednesday claims by two U.S. financial firms that the London Metal Exchange acted unlawfully when it took the decision to cancel nickel trades worth billions of dollars after prices surged in 2022.

HMRC's £585M DPA Signals A New Bribery Cop In Town

The blockbuster bribery settlement reached by a gambling company with Britain's tax collector signals that enforcement agencies other than the Serious Fraud Office have the ability to investigate and prosecute major international economic crime, lawyers say.

Investment Advisers Face Redress Capital Requirements

The Financial Conduct Authority set out proposed new rules on Wednesday that would require investment advisers to set aside more capital to pay out on compensation claims, a move aimed at easing demand on the Financial Services Compensation Scheme for redress.

Sick Traveler Was Denied Fair Trial Over Expert Evidence

Britain's top court ruled Wednesday that English judges cannot reject expert evidence if the opposing party has not cross-examined the witness, reviving a holidaymaker's case against a travel company after he got food poisoning in Turkey.

Gov't And Banks Failing To Prepare For Net Zero, MPs Warn

The government is not doing enough to force financial firms and listed companies help the U.K. reach its targeted total reduction of greenhouse gas emissions known as net zero by 2050, the House of Commons Environmental Audit Committee said Wednesday.

Actor Accused Of Racism Says 'N-Word' Tweet Quoted Tupac

Actor and political activist Laurence Fox denied in court Tuesday that he was racist, testifying that tweets in which he used the N-word were lyrics of songs by late rapper Tupac Shakur and were not evidence of racism.

FCA Sets Sustainability Disclosure Rules For Investments

The Financial Conduct Authority on Tuesday set out its planned sustainability disclosure regime enabling consumers to invest with greater clarity in funds benefiting the environment or society.

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