U.K. Regulator Charges Man With 8 Counts of Insider Trading

The Financial Services Authority said Joseph, 42, was released on conditional bail after a hearing in London today. He is scheduled to appear at a higher criminal court in March to face the eight counts of insider trading and two counts of money laundering, the regulator said in a statement.

Joseph, who is not approved by the FSA to hold a regulated position in Britain’s finance industry, faces as long as seven years in jail for insider trading, plus a fine if he’s found guilty.

via U.K. Regulator Charges Man With 8 Counts of Insider Trading – Bloomberg.