Broker cleared of market abuse charges

Shares in stockbrokers Collins Stewart rose 5% yesterday after it was cleared of market abuse.

The firm was told by the Financial Services Authority (FSA) that it was closing its investigation into claims made by former employee James Middleweek.

Collins Stewart lost 15% of its value a year ago after Mr Middleweek sent a dossier to the FSA and the media, claiming the firm had driven up share prices and engaged in insider trading.

Collins Stewart strongly denied the claims and responded by launching legal action against Mr Middleweek and others.

More in this section

The Business Hub

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day.

News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up

Our Covid-free newsletter brings together some of the best bits from, as chosen by our editor, direct to your inbox every Monday.

Sign up