No, we’re not sure of the point either. Click for a sharper image.
The chart accompanies this timeline in the case of the FSA versus McQuoid and Melbourne.
At Southwark Crown Court on Friday, Christopher McQuoid, a solicitor, and his father-in-law, Mr James William Melbourne were found guilty of insider dealing. It’s the first insider dealing criminal prosecution brought by the FSA – and the regulator has scored a success!
The pair get sentenced on Monday.
McQuoid was the general counsel at TTP Communications and learned that in June 2006 Motorola was going to take the company over. Melbourne, his father-in-law, loaded up with stock and the two shared a profit of £49,919.20.
McQuoid’s half, £24,459.60 exactly, was settled with a cheque.
Clearly, the financial world will be a safer place this weekend.