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UK’s West brothers avoid jail after insider dealing trial; must repay GBP280,000

( September 1, 2025, 14:55 GMT | Official Statement) -- MLex Summary: Matthew West and Nikolas West today received sentences in the UK for insider dealing, in a prosecution brought by the Financial Conduct Authority. The brothers avoided jail after being handed suspended sentences, but they must pay back more than 280,000 pounds (around $380,000). The FCA said that while Matthew West received inside information via legitimate broker communications, he unlawfully disclosed this information to Nikolas West, before the brothers then traded on the information. “Greed got the better of them. The West brothers knew the rules and still chose to break the law,” said Steve Smart, the FCA's executive director of enforcement and market oversight.Statement is attached....

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