Politics & Regulation

FSA charges ex-AKO partner with insider trading


The FSA has charged Anjam Ahmad, a former partner at Nicolai Tangen's London-based AKO Capital long/short equity hedge fund group, with insider trading in the latest sign of the regulator's crackdown on suspected market abuse.

"The Financial Services Authority (FSA) today charged Anjam Ahmad, an ex-hedge fund trader, with one count of conspiracy to commit insider dealing contrary to Section 1 of the Criminal Law Act 1977," said a statement on the FSA website.

The regulator said the offence related to trading in 22 different shares between June and August 2009. Ahmad has been bailed to attend City of Westminster