Tom Bushnell helps explain 21% drop in insider dealing STORs to Financial News

Business crime and regulatory partner Tom Bushnell has been quoted in the Financial News in respect of new data showing a 21% decline in the number of insider dealing Suspicious Transaction and Order Reports (STORs) made to the FCA.

Financial institutions such as trading platforms are obliged to submit a STOR to the FCA if they suspect that a transaction involved market abuse. STORs are one of the primary triggers for an FCA investigation into insider dealing.

In his comment to Financial News, Tom Bushnell highlights the fact that the downward trend in insider dealing STORs is occurring “at the same time that the FCA’s enforcement division steps up regulatory action in this area.“

He said: “The past few months have seen a flurry of insider dealing enforcement outcomes.”

But Tom cautioned that the FCA’s enforcement action is likely to be “one of many” factors in the decline, as investigations are only opened in relation to a “tiny fraction” of the reports the FCA receives each year

Read more in the Financial News