An ex-Financial Planning manager has been sent to jail and ordered to pay tens of thousands of pounds in costs for insider dealing.
The FCA reported this morning that Ryan Willmott, the former group reporting and Financial Planning manager for Logica PLC, has today been sentenced to 10 months imprisonment.
He pleaded guilty to three counts of insider dealing on 26 February.
He was also ordered to pay £6,122 towards prosecution costs and a Confiscation Order in the sum of £23,239.75.

{desktop}{/desktop}{mobile}{/mobile}

The FCA said in a statement: "Willmott admitted dealing on the basis of inside information he obtained during the course of his employment relating to the takeover of Logica PLC by CGI Group, as publicly announced on 31 May 2012. "Willmott set up a trading account in the name of a former girlfriend, without her knowledge, to carry out the trading. He also admitted disclosing inside information to a family friend, who then went on to deal on behalf of Willmott and himself."
Georgina Philippou, acting director of enforcement and market oversight at the FCA, said: "Ryan Willmott engaged in insider dealing with no regard for the consequences for himself and others, and with an expectation that he would avoid detection. This prosecution sends a clear message to those who are tempted to abuse their position by disclosing or trading on inside information.
"We will not hesitate to take robust action where individuals threaten the integrity of the UK financial markets. The custodial sentence received by Mr Willmott today is a reminder of the serious consequences for insider dealing."