UK watchdog says former Schroders trader admits 9 insider dealing offences

Damian Clarke, a former stock market trader at Schroders Investment Management, has pleaded guilty to nine counts of insider trading, Britain's Financial Conduct Authority said on Tuesday. Clarke (Toronto: CKI.TO - news) admitted to dealing in shares on the basis of inside information on company mergers and acquisitions obtained while he worked at Schroders (LSE: SDR.L - news) . "He used this information to place trades using accounts in his own name and that of close family members, in respect