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FCA to confiscate £1.7m from pair convicted of insider dealing

Order must be paid within three months or Martyn Dodgson and Andrew Hind will face longer prison sentences

The City watchdog is set to confiscate £1.7m from a former investment banker and his close friend nearly two years after they were convicted of insider dealing.

The bulk of the Financial Conduct Authority’s (FCA) confiscation order is aimed at Martyn Dodgson, whose former roles include a managing director at Deutsche Bank, an executive director at Lehman Brothers and a vice-president at Morgan Stanley. He is set to pay just under £1.1m.

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Source: The Guardian

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