Turns Out You Can’t Trust Insider Traders To Not Insider Trade, Even If You Ask Nicely

Back at the start of the pandemic, the U.K. Financial Conduct Authority appealed to the country’s bankers and traders. In such stiff-upper-lip-requiring times, it was relying on all of them to be good chaps and lasses by living up to the good old British belief in fair play, mostly because it didn’t have a choice in the face of technological growing pains in the lockdown that prevented it from keeping an eye and ear on them. Guess how well that went.

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