Partner Amjid Jabbar comments in The Times and City AM in relation to the Financial Conduct Authority’s insider trading case, ‘Operation Tabernula’.
What price justice?
The Financial Conduct Authority’s Operation Tabernula case resulted this week in two convictions for insider dealing and three acquittals. It was, you might say, a typical curate’s egg of a result. But was it value for money? At £10 million, it cost a lot.
“The FCA will attempt to herald this as another success but given the length of investigation and the costs, does it really justify this headline?” asks Amjid Jabbar, of Stokoe Partnership Solicitors.