Ex-Jefferies Banker Charged With Insider Trading by UK’s FCA (2)

A former banker at Jefferies Financial Group Inc.’s UK arm was charged with insider dealing by the markets watchdog.

Bobosher Sharipov is charged with leaking inside information to a friend and business associate while advising GCP Student Living Plc on a potential takeover, the Financial Conduct Authority said Wednesday. The associate, Bekzod Avazov, is alleged to have used the insider information to trade in GCP shares and make a profit of nearly £70,000 ($92,407) in 2021.

Both men appeared at Westminster Magistrates Court on Wednesday and did not enter a plea, the FCA said in its statement. The case ...