Irwin Mitchell's Regulatory & Criminal Investigations team recently represented Andrew King at Southwark Crown Court. He was charged with insider dealing based on allegations that he passed inside information to a lawyer friend about an impending takeover of the company of which he was the Finance Director. It took a jury less than 90 minutes to decide that he was not guilty of the allegations made during the seven-week trial. This was the first ever acquittal in a Financial Services Authority (FSA) prosecution for insider dealing and it was the first time that the FSA had identified and prosecuted the alleged source of the information. Mr King was the Finance Director of the biotech company NeuTec Pharma, which was taken over in 2006 by Novartis, the pharmaceutical giant. Historically the FSA has taken a co-operative, “light touch” approach to its regulation but, over the last three years or so, its criminal prosecution of those individuals who it believes to have broken the rules has gathered momentum. There is now a steady stream of individuals who have already faced, or are awaiting, trial and not all of them work in the financial services sector. The effects of being the subject of an investigation can be enormously detrimental - stressful, loss of job and inability to earn and reputational damage even if the investigation is not taken forward or a prosecution fails. If you need to obtain legal advice in relation to any FSA issue, contact the Regulatory & Criminal Investigations Group at Irwin Mitchell. Yorkshire & North East: Paul Haycock For general enquiries 0370 1500 100 Or we can call you back at a time of your choice Request a call back Phone lines open 24/7, 365 days a year International Firm Find out more about Irwin Mitchell’s outstanding International Credentials. More Award Winning Take a look at our exceptional award winning track record. More Contact us today For a free initial consultation Freephone 0370 1500 100 Prefer not to call? Use our form Your name* Your email* Your phone number* How can we help?* Enquiry type Court Of Protection Crime & Investigations Divorce & Family Law Solicitors Employment Law Conveyancing & Property Solicitors Medical Negligence Claims Personal Injury Claims Protecting Your Rights Wills, Trusts & Estates Solicitors This data will only be used by Irwin Mitchell for processing your query and for no other purpose.