The UK’s FSA announced today that Anjam Saeed Ahmad, an ex-hedge fund trader and risk manager with AKO Capital LLP, has been sentenced to 10 months imprisonment, suspended for two years, 300 hours of unpaid work in the community and fined £50,000 for insider dealing. On 18 May 2010 Ahmad pleaded guilty to one count of conspiracy to commit insider dealing contrary to Section 1 of the Criminal Law Act 1977.
Ahmad has agreed to assist the FSA with its investigation into his co-conspirator.
