Oil and gas consultant fined by FCA for insider dealing

The FCA has made the fight against financial crime a priority in its latest five-year strategy, and says it will focus on those who want to harm the system from the inside.

The UK’s financial watchdog has fined an oil and gas consultant £309,843 ($415,344) for using insider information to make financial gains by buying and selling shares in multiple companies.

According to the FCA, Russel Gerrity had insider information about whether oil and gas were discovered during initial drilling of wells. Between October

Register for free to keep reading

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day