LONDON, March 7 (Reuters) - Paul Milsom, a former equitiestrader at the investment arm of life insurer Legal & General, was sentenced to two years in jail for insider tradingon Thursday.
Milsom, who pleaded guilty to the charge, is the firstperson to be convicted in the Financial Services Authority'sbiggest insider dealing investigation to date, which began inMarch 2010. Six others have been charged and are awaiting trial.
Milsom was ordered to pay just over 245,000 pounds($368,800), the total amount of profit he made from insidertrading, to the court.
Legal & General (LGEN)
