Thomson ReutersMarch 7, 2013 09:15
By Estelle Shirbon
LONDON, March 7 (Reuters) - Former share trader Paul Milsom was jailed for two years on Thursday for insider dealing, the first sentence to come out of the biggest investigation into the crime by Britain's Financial Services Authority (FSA).
Milsom, 45, who was a senior equities trader at Legal & General, had pleaded guilty. He was ordered to pay 245,000 pounds, the total profit he made from insider dealing.
He will serve half his sentence before being released on parole.