View more on these topics

Investment banker jailed for insider dealing

An investment banker, his wife and a family friend have all been sentenced after pleading guilty to eight counts of insider dealing.

Christian Littlewood, a senior investment banker, his wife Angie Littlewood and Helmy Omar Sa’aid were all sentenced for insider dealing relating to trading of different London Stock Exchange and AIM listed shares between 2000 and 2008.

Christian Littlewood was sentenced to three years and four months in custody, while Angie Littlewood was sentenced to 12 months in custody suspended for two years. The pair also operated under the names Siew Yoon Lew and Angie Lew.

Sa’aid was sentenced to two years in custody and was also ordered to pay £640,000 in confiscation orders. Confiscation orders for Christian and Angie Littlewood will be dealt with at a later date.

FSA managing director of enforcement and financial crime Margaret Cole says: “This was a case of systematic abuse by an approved person of their privileged position in the market – we are determined to stamp out such abuse. Our tough, coordinated approach to insider dealing and our commitment to taking on difficult criminal prosecutions has really begun to pay off; the guilty pleas and sentencing of the Littlewoods and Sa’aid shows that we can, and will, uncover insider dealing, even across borders, and that the people who commit these market offences will not go unpunished.”



IMA may launch judicial review of FSCS levy

The Investment Management Association is considering bringing a judicial review of the Financial Services Compensation Scheme interim levy on behalf of its members. An IMA spokeswoman says a review is one of the options on table in response to the £326m interim levy announced by the FSCS last month. Investment fund managers face an interim […]


TSC member “horrified” by the MMR

The mortgage market review will hit first-time buyers, the building trade and the mortgage industry, according to a senior Labour MP. Speaking in this morning’s Treasury select committee evidence session with Nationwide, Labour MP George Mudie said the review would hit lenders as well as having a wider detrimental impact. He said: “I am horrified […]

Equities overtake bonds after best sales in a decade, IMA stats

Equities replaced bonds as the most popular asset class among investors in 2010, attracting net retail sales of £7.5bn in 2010, according to statistics from the Investment Management Association. In 2009 bonds topped the asset class rankings, but according to the IMA sales of equity funds in 2010 were at their highest level since 2000. […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm