UK regulator fines two men over insider trading in Bidstack shares

UK regulator fines two men over insider trading in Bidstack shares

Britain’s Financial Conduct Authority said on Tuesday it had fined two individuals a combined 108,731 pounds ($148,548) for insider dealing in shares of UK-based advertising technology company Bidstack Group PLC.

Two Men Hit with Heavy Fines for Insider Trading in Bidstack Shares

The UK’s Financial Conduct Authority (FCA) has imposed fines on two individuals for insider trading related to shares of Bidstack, the digital advertising firm. The regulator’s action marks a significant enforcement move amid increasing scrutiny on market misconduct following the exploitation of non-public information. The penalties highlight the FCA’s commitment to maintaining market integrity and [...]

Ex-finance boss and friend fined for insider dealing of Bidstack shares

Dipesh Kerai and Bhavesh Hirani have been fined a total of £108,731 in the fourth enforcement action over insider trading by the FCA in recent months

FCA Takes Action Over Bidstack Group Insider Trading

Here’s the latest from the FCA for you; The Financial Conduct Authority (FCA) has fined Dipesh Kerai and Bhavesh Hirani for insider dealing in shares of Bidstack Group Plc. Mr Kerai has been fined £52,731 [...] The post FCA Takes Action Over Bidstack Group Insider Trading appeared first on .

Former Bidstack CFO fined by FCA for insider dealing

A former CFO at Bidstack when it was a listed company has been fined for insider dealing. Bhavesh Hirani and Dipesh Kerai have been penalised by the Financial Conduct Authority for profiting from inside information about the then-listed firm. In December 2021, Hirani was the interim CFO at Bidstack, a tech company that placed advertising inside video games. This meant he had access to inside information about a major upcoming deal between Bidsta…

FCA fines two individuals £108,731 for insider dealing in Bidstack shares

HighlightsDipesh Kerai fined £52,731 and Bhavesh Hirani fined £56,000 for insider dealing in Bidstack Group shares. Former interim CFO Hirani passed confidential information about major deal to Kerai before public announcement.Pair bought 1.3 million shares before announcement, profiting over £9,000 as share price rose 125 per cent.The Financial Conduct Authority has fined two individuals a combined £108,731 for insider dealing in shares of Bids…