Former City trader claims he used journalists to beat stock market – report — RT Business

“The way it works is, I need information, they need information,” said Parvizi. “If I bought today and the Mail writes something tomorrow, the share price goes up two percent to five percent.”

When asked whether he deliberately spread misleading rumors, the trader replied “Definitely, yes. I was there to help myself.”

Financial Times spokeswoman Kristina Eriksson has denied the accusations, saying“Our journalists do not offer ‘tips’ to sources or market participants.”  She added that such activity would be illegal.

via Former City trader claims he used journalists to beat stock market – report — RT Business