Richard Baldwin, 53, was convicted of dealing in criminal property in 2017 but reporting restrictions meant his conviction could not be reported until now, the Financial Conduct Authority said in a statement on Thursday.
He is the sixth man to be convicted as part of Operation Tabernula, the UK financial regulator’s biggest insider-trading investigation to date.
The three-year insider-trading conspiracy used military-grade encryption devices with passwords named after sports cars, pay-as-you-go mobile phones, Panamanian bank accounts and cash payments for holidays and luxury watches to cover their tracks.
Three other men embroiled in Operation Tabernula — including Julian Rifat, a former equities trader at Louis Bacon’s hedge fund, Moore Capital — previously pleaded guilty to insider trading.
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