Insider trading involves using confidential, non-public information to make profitable trades, which is illegal and can result in severe legal consequences including imprisonment; when individuals are caught, they may face scapegoating by those who benefited from their actions, but ultimately must accept personal responsibility for their choices.
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Effy Is In Deep Trouble! | SkinsAdded:
Come down as well.
Why? Why is he dropping out of there?
Can we stone him? Elizabeth Stoneham.
Speaking. Yes, good morning. I'm calling to check your availability for a meeting tomorrow at the FSA.
>> [music] >> Meeting with who, sorry?
The FSA, the Financial Services Authority.
We have some questions we'd like you to answer. I'm calling for your availability.
Hello, Ms. Stoneham. Ms. Stoneham, are you there?
>> Yes, um sorry.
Hi. What's up?
Uh I had a call from the FSA.
They want me to go in for a meeting.
Okay.
What exactly did they say? Nothing.
They just told me I need to go in tomorrow. [music] Jake, I I need you to tell me that this isn't as bad as I think it is.
Seriously, I need you to tell me this is fine.
>> It's fine.
They have nothing. Well, they obviously have something, otherwise they wouldn't be calling me in.
You tell them nothing.
Understand?
If I mean anything to you.
Okay? If we mean anything.
You'll do exactly as I say.
You deny [music] everything.
And everything goes on.
Okay?
Okay.
Okay.
>> [music] [music] [music] [music] [music] >> Elizabeth Stoneham. Yes.
This way. This way.
>> [music] [music] >> Thank you, Claire.
Effy.
You well?
So are you, Victoria.
Got a new gamekeeper.
Yeah, it's quite funny.
Think they'd like me to draw on my experience with poachers.
Like you.
You know I'm just a trader.
I think you're a little more than that.
Can you tell me what this is about?
We're getting around to it.
>> We'll get around to it quicker. You're boring me.
I know what you've been doing, Effy.
I'm sure it was just to get ahead.
>> I don't know what impression you've got but >> Well, let's call it an impression that you've been using illegally obtained information to create trading profits.
About 11 million pounds worth to be precise.
I don't know if this is some sort of putting me in my place exercise, but it's a bit [ __ ] extreme.
>> We're all ambitious, Effy, but sometimes we have to check in with ourselves to make sure that we're not going over the line.
It's not my fault he didn't want you.
It's not a crime to sleep with your boss.
It's pretty [ __ ] stupid, but we're both pathetic when it comes to that.
You're just trying to [ __ ] him over. I don't need to.
I didn't illegally create 11 million pounds of profits through insider trading. He's [ __ ] himself over and you. Don't you get it?
We need to carry on. You carry on. Give him up, Effy.
>> [ __ ] you.
You have one new message.
Effy, it's me, um I'm going to take Naomi in. She's She's okay. She's [music] still puking. I think she should be looked over. We'll be at the Royal if you can get away from work, okay? Okay.
Okay. Bye.
>> [music] >> I've got something to tell you.
Had a meeting with the FSA today.
They called me in because they're investigating my profits.
I think they might be coming to you next.
The [ __ ] is wrong with you? They know, Dom.
They know I've done something.
She's alone in there.
I don't You know what? [ __ ] it. [ __ ] this.
>> [sighs] >> Dom.
What are you doing here?
Fina, walking around. I'm trying not to come here.
Let me take your coat off. You're wet.
>> No, [ __ ] off.
Get off me, okay?
You know, they took my computer.
They took it.
Look, it It's fine. They can't prove you did anything. You're working yourself up over nothing.
>> No, I'm not because I am going to go to prison, you [ __ ] Stop pretending like this isn't happening.
I'm sorry.
>> know the worst thing? The worst thing is is I deserve it. I do because I was fine. Before you, I was fine. NOW I'M [ __ ] PATHETIC.
DOM, WAIT.
>> NO, [ __ ] OFF, OKAY? [ __ ] OFF.
>> MEAN FOR ANY OF THIS TO HAPPEN.
>> OKAY, THAT'S IT. That's it, Donna. I don't want to talk about it anymore.
That's it. [ __ ] you.
Sorry.
I'm going to lose my mind.
It's fine.
It's fine. It was It was me. No, that was me.
I'm going to [ __ ] [ __ ] Where have you been? I've been trying to call you.
Effy, this is Mr. Jessop.
Mr. Jessop is head of the legal department. He said he'd talk to us about the FSA investigation.
Have a seat, Ms. Stoneham.
Page five.
The trades that occurred between those two dates are the ones the FSA seem to be most interested in.
Do you recognize them, Ms. Stoneham?
I don't know. Point being their evidence of insider trading is pretty strong.
Looks like they found source.
Now, my guess is that you acted alone, Ms. Stoneham. You took a chance in order to improve your reputation in the company and it backfired. No.
Mr. Abbasi, do you believe there to be any company involvement beyond Ms. Stoneham?
No.
There was no other involvement.
In that case, I would recommend Ms. Stoneham's immediate suspension and her portfolio and records are prepared for the FSA. Ms. Stoneham, I'd highly recommend you find yourself a good lawyer.
Morning, Jake.
Why are you doing this? Sorry, I have no choice.
Look at me.
Turn around and look at me.
>> [music] >> I'm so so sorry.
>> [music] [music] >> Okay.
I've got a condition.
It's just me, all right?
Please, please don't go after Dom. He doesn't deserve this. Dominic's not the important one here.
Look, Jake's a nice man.
But he's weak and he's greedy.
I thought it was real.
So, it was his fault?
You were inexperienced and he took advantage.
That's shitty.
>> [sighs] >> All right.
All right, you'll make a statement naming Jake.
Yeah.
You know you'll still go to prison.
>> [snorts] >> I know.
>> [music] [music] [music] [music] [music]
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