UK authorities have charged a former Janus Henderson analyst and four others outside the asset manager with illegally using inside information to make trades that earned £1.5 million, or $1.8 million, in profits.
The former analyst, 35-year-old Redinel Korfuzi, is accused of insider dealing between December 2019 and March 2021, the Financial Conduct Authority said Wednesday. The agency said Mr. Korfuzi accessed confidential information while working at the London-based firm to enable trades.
That information led to “timely and profitable trading in 49 accounts held by his co-conspirators,” the FCA said. The defendants used derivatives known as contracts for difference to bet share prices would fall after announcements.
Source: UK: Former Janus Henderson Analyst Charged With Insider Dealing
