Insider traders ‘can escape sanction’

INSIDER traders who invest in shares via spread betting operations can escape all possible legal sanction from the Irish Stock Exchange, it emerged last night.

ISE chief executive Tom Healy said company insiders who exploit confidential information to make profits by betting on the fluctuations of the company’s share price are not acting illegally.

“There’s nothing we can do about it. There’s nothing we can do if they do not trade in the shares,” he conceded last night.