One Day You're Bonding With A New Friend At A Bachelor Party, The Next You're Standing Trial On Insider Trading Charges

Martyn Dodgson and Andrew Hind know what we're talking about.
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Let this be a lesson to you all. More lap dances and waking up face down on a bathroom floor, less building the foundation for an (allegedly!) fruitful securities fraud operation.

The FCA alleges Dodgson, Andrew "Grant" Harrison, a former stockbroker at Panmure Gordon & Co., Benjamin Anderson, a 71-year-old private day trader, former Aria Capital Ltd. director Iraj Parvizi, and Hind, 55, worked together to trade securities with inside information between November 2006 and March 2010. The FCA claims Dodgson and Harrison passed price-sensitive information from their jobs in the corporate broking departments of big firms to Hind, who then passed it to Anderson and Parvizi to trade on...Dodgson first met Hind at his brother’s bachelor party in July 2001. While Dodgson said he had “no recollection of the stag party,” he and Hind became good friends. "He was extremely impressive," Dodgson said in court. "At that time there were not many people that I spoke to who had such an insight into business and the markets more generally." The investigation, which has been dubbed Operation Tabernula, centers on trading in six stocks, including Sky Plc and Legal & General Group Plc, from which the FCA alleges the men made 7.4 million pounds ($10.3 million) in profits.

Biggest Insider-Trading Case in U.K. Started With 'Stag Party' [Bloomberg]

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