FSA presses charges over insider dealing

The FSA has charged an individual with eight counts of insider dealing and two counts of money laundering.

The charges against Richard Anthony Joseph follow his arrest in May 2010.

Joseph, who is 42 years old, attended City of London Magistrates Court today. He was sent for trial and will next appear at Southwark Crown Court on March 6. He is on conditional bail.

The FSA has so far secured 11 convictions in relation to insider dealing. The regulator is currently prosecuting 15 other individuals for insider dealing.