The case is the first criminal conviction for insider trading in the history of the State. In May 2022, the High Court confirmed sanctions imposed by the Central Bank Enforcement Division on a former director and chairman of several public companies, who was found to have engaged in insider dealing in 2008. He was fined €75,000 and disqualified from being involved in the running of a regulated financial services provider for five years. The offences occurred prior to the introduction of the Market Abuse Regulations and there was therefore no criminal conviction.
Source: First Conviction for Insider Dealing in Irish Legal History – Lexology
