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FSA charges investment banker with insider dealing

The FSA has charged an investment banker and two associates with insider dealing.

Thomas Ammann, an investment banker, has been charged with three counts of insider dealing contrary to section 52 of the Criminal Justice Act 1993, and two counts of enouraging insider dealing.

Christina Weckwerth, who lives in Germany, has been also been charged with two counts of insider dealing while Jessica Mang has been charged with one count of insider dealing.

Ammann and Weckwerth have also been charged with one count of money laundering.

All three have been bailed to attend City of Westminster Magistrates Court on August 23.

The offences relate to trading in shares of Océ NV between February 2009 and November 2009.

The charges follow on from the arrests of Ammann and Mang last November.

The FSA has so far secured 10 convictions in relation to insider dealing. It is currently prosecuting 13 other individuals for insider dealing.

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  1. This must be the tip of the Giant Iceberg which most of us don’t see.

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