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Oil and gas consultant fined by FCA for insider dealing

A flame above an oil refinery
Investigators noticed insider information being used to buy or sell shares. Photo: Jeff J Mitchell/Getty Images

Hameed Shuja

1 min read
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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

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