Traders Flout Personal-Dealing Bans Across Industry, Watchdog Says
- Research analysts found to have traded against recommendations
- Compliance, surveillance staff seen skirting company policies
Photographer: Chris Ratcliffe/Bloomberg
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Traders and research analysts across London are flouting conflict-of-interest policies by trading in personal accounts despite numerous attempts to ban such behavior.
The City of London’s top regulator warned Friday of a government crackdown on firms that fail to stop staff spread-betting on their employers’ shares, dealing securities in conflict with their own buy and sell recommendations and copying client trades.