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ARTICLE · 27 OCTOBER 2025

FCA Fines An Employee For Insider Dealing

Bryan Cave Leighton Paisner
Bryan Cave Leighton Paisner
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Bryan Cave Leighton Paisner

Bryan Cave Leighton Paisner

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On 13 October 2025 the FCA fined an employee for insider dealing for selling his own and close family member's entire shareholding whilst in possession of, and using, inside information.

United StatesFinance and Banking
Tom Bacon
Tom Bacon
Tessa Hastie
Tessa Hastie

Summary

On 13 October 2025 the FCA fined an employee for insider dealing for selling his own and close family member's entire shareholding whilst in possession of, and using, inside information. The FCA has imposed a financial penalty of £100,281 (reduced from £126,575).

The facts

Mr Dwane had extensive experience in financial services and was an Approved Person between 1 December 2001 and 8 December 2019. In May 2021 he joined ITM Power Plc ('ITM' or the 'company'), an AIM company as a Capital Markets Adviser, working nominally two days a week, providing ad hoc support to the Investor Relations Team by reviewing draft RNS announcements and probing investor presentations. In May 2021, Mr Dwane signed ITM's Share Dealing Policy and Dealing Code, confirming he understood that he must not deal in shares if in possession of inside information and in February 2022, he received a company-wide email emphasising that all employees were required to seek clearance

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