FCA bans and fines former ITM Power adviser £100,000 for insider dealing
The Financial Conduct Authority (FCA) has banned and fined Neil Sedgwick Dwane £100,281 for insider dealing while working as an adviser to Sheffield-based ITM Power.
The regulator said Mr Dwane used confidential information obtained through his role at the clean energy company in October 2022, ahead of a market announcement that caused ITM’s share price to fall by around 37%.
The day before the announcement, Mr Dwane sold 125,000 shares belonging to himself and a family member, worth £124,287, and after the share price drop,... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
