US EditionEx-Janus Henderson Analyst Found Guilty of Insider Dealing
- Redinel and Oerta Korfuzi were convicted of insider dealing and money laundering after a London court trial and will be sentenced in July 2025.
- The offenses took place from early 2019 through early 2021, prior to the November 2021 amendment that increased sentencing limits; as a result, the two face penalties of up to seven years in prison and/or a monetary fine.
- Redinel, a former Janus Henderson analyst, exploited confidential information on at least 13 companies, placing trades through accounts held by his sister and two co-defendants.
- Their scheme involved 176 cash deposits totaling £198,210, and FCA director Steve Smart emphasized the regulator’s dedication to combatting financial crime and maintaining fair and transparent markets.
- The FCA will seek confiscation orders to recover proceeds, underscoring the need for evolving market monitoring and regulatory enforcement to deter insider trading.
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The double can take up to seven years of imprisonment for the use of privileged information and ten years for money-laundering
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