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Insider Trading: Prosecutions

Justice written question – answered on 13th June 2011.

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Photo of Michael Meacher Michael Meacher Labour, Oldham West and Royton

To ask the Secretary of State for Justice how many prosecutions for the offence of insider trading there were in each year since 1995; and what the penalty was for those convicted of such an offence in each such case.

Photo of Crispin Blunt Crispin Blunt Parliamentary Under-Secretary (Ministry of Justice) (Prisons and Probation)

Defendants proceeded against at magistrates courts, found guilty and sentenced at all courts for insider dealing, England and Wales 1995 to 2010 (latest available) can be viewed in the tables as follows.

Court proceedings data for 2011 will be available in the spring of 2012.

Defendants proceeded against at magistrates courts, found guilty and sentenced at all courts for offences relating to insider dealing, England and Wales 1995 to 2010 (1, 2)
Offence description Statute 1995 1996 1997 1998 1999 2000 (3) 2001 2002
Insider dealing Criminal Justice Act 1993, Sec 52                
  Proceeded against 2 1 0 0 2 11 7 7
  Found guilty(5) 0 0 0 0 2 6 5 2
  Sentenced 0 0 0 0 2 6 5 2
  Of which:                
  Absolute and Conditional discharge 0 0 0 0 0 1 1 0
  Fine 0 0 0 0 0 4 1 0
  Community sentence 0 0 0 0 1 0 2 2
  Fully suspended sentence 0 0 0 0 0 0 0 0
  Immediate custody 0 0 0 0 1 1 1 0
Offence description Statute 2003 2004 2005 2006 2007 2008 (4) 2009 2010
Insider dealing Criminal Justice Act 1993, Sec 52                
  Proceeded against 8 3 0 2 3 5 3 9
  Found guilty(5) 4 5 4 2 6 0 3 2
  Sentenced 4 5 4 2 6 0 3 2
  Of which:                
  Absolute and Conditional discharge 0 2 0 0 0 0 0 0
  Fine 2 1 0 0 1 0 0 0
  Community sentence 0 0 0 1 2 0 0 0
  Fully suspended sentence 0 0 0 0 2 0 2 0
  Immediate custody 2 2 4 1 1 0 1 2
(1) The figures given in the table on court proceedings relate to persons for whom these offences were the principal offences for which they were dealt with. When a defendant has been found guilty of two or more offences it 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. (3) Staffordshire police force were only able to submit sample data for persons proceeded against and convicted in the magistrates courts for the year 2000. Although sufficient to estimate higher orders of data, these data are not robust enough at a detailed level and have been excluded from the table. (4) Excludes data for Cardiff magistrates court for April, July and August 2008. (5) The number of defendants found guilty in a particular year may exceed the number proceeded against as the proceedings in the magistrates court took place in an earlier year and the defendants were found guilty at the Crown court in the following year; or the defendants were found guilty of a different offence to that for which they were originally proceeded against. Source: Justice Statistics Analytical Services—Ministry of Justice.

Does this answer the above question?

Yes2 people think so

No1 person thinks not

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