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The phone call which nailed an insider trader
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- Published: 17.02.2012 , 07:30:17
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It is not unheard of for the City regulator to come under fire over its failure to catch some of the most blatant instances of insider dealing. But then comes a case like the one which saw top New York hedge fund manager David Einhorn fined £7.2m last month for trying to sell his Punch Tavern shares ahead of a huge rights issue.
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