A County Antrim man is the first person ever to be convicted of insider trading in the Republic of Ireland. Declan Service, of Sunnyvale Avenue, Portrush, was fined £60,000 and told he faces a potential 18-month prison term when his sentence is finalised. The 63-year-old carer pleaded guilty to engaging in insider dealing on dates between 18 and 22 May 2020. He used sensitive market information to sell shares in a pharmaceutical company before it was made public. Dublin Circuit Criminal Court was told he used inside knowledge to offload his shares in the company days before buying them again at a discounted rate. Service, who is suffering from bowel cancer, prostate cancer and long-term depressive illnesses, made a profit of about £11,500. The court was told that would have risen to £44,000 if he had retained his shares for a year. Full admissions The alarm was raised when a stockbroking firm, who Service was a client of, alerted the Irish Central Bank to suspicious transactions ...
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