UK watchdog says ex-Schroders trader admits 9 insider dealing offences

(Adds details from FCA, comment by Schroders(LSE: SDR.L – news) )LONDON, March 15 (Reuters) – A former stock market trader atSchroders Investment Management, has pleaded guilty tonine counts of insider trading spanning nine years, Britain’sFinancial Conduct Authority said on Tuesday.
Damian Clarke, 40, admitted to dealing in shares on thebasis of inside information on company mergers and acquisitionsobtained while he worked at Schroders.
“He used this information to place