MPs may investigate insider trading

September 4, 2006

THE Commons Treasury Select Committee is considering an investigation into insider trading amid fears that only a small proportion of perpetrators are caught and punished.

The Conservative MPs Michael Fallon and David Gauke, both members of the parliamentary committee, told The Times that insider dealing could come under investigation in the next parliamentary year.

Mr Gauke, a former City lawyer, said that, despite changes to the law designed to make it easier to bring prosecutions, it remained difficult to prove insider trading. “It’s the type of thing that we’d be interested in,” he said.

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