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  • Good luck figuring out who had forewarning and who was just trading the market. Not denying it's super suspicious, was just pointing out that there is actully zero evidence of any wrongdoing at this point. And if you want to see criminal charges you need something more than having dinner with former colleagues.

  • Farage had referendum results before they were public, his trader made loads that night

    Very suspicious as well, never got investigated and it's illegal to pre release results of referendum, they must be fully public or not released.

    So it makes me wonder if anybody ever gets done for insider trading in the UK,unless it's been so blatantly stupid and written down you have to admire the stupidity...

  • It's even more difficult to identify who had insider knowledge now days because of neural networks and algorithmic trading potentially being able to act on the suspicion of insider trading within a few tens of miliseconds. If a large sterling short order gets placed, there's probably only two or three seconds before the whole market is acting on that.

    Not saying that insider trading isn't rife. The city is built on off the record networks of contacts. It'd be a departure from the norm if some conspirators decided it was a good idea to celebrate their crimes in a semi public way though.

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