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Monday, January 10, 2011

Singaporeans pleaded guilty to UK insider trading

Moneycontrol.com, 11 Jan 2011A former Dresdner banker, his Asian wife and a Singaporean man have pleaded guilty to eight counts of insider dealing in Britain, allowing the UK regulator to claim its latest victory in a crackdown on market abuse.Helmy Omar Sa'aid, 34, dressed casually in a zipped-up beige woollen cardigan, stood in a British dock on Monday to plead guilty to being the third member