Finance
Ex-Jefferies employee, friend plead not guilty to UK insider dealing charges
Published by Global Banking and Finance Review
Posted on January 7, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 7, 2026
LONDON, Jan 7 (Reuters) - A former employee of investment bank Jefferies International appeared in a London court on Wednesday and pleaded not guilty to a charge of insider dealing.
Bobosher Sharipov, who worked at Jefferies and advised GCP Student Living about a potential takeover, is accused of leaking confidential information about the deal to former colleague Bekzod Avazov in 2021.
Sharipov, 44, and Avazov, 43, appeared at Southwark Crown Court and pleaded not guilty to one count of insider dealing. Their trial was listed to begin in January 2028.
Britain's Financial Conduct Authority previously said Avazov had placed trades that generated a profit of almost 70,000 pounds ($94,444.00). The FCA also said Jefferies had "co-operated fully with the FCA's investigation".
Avazov said in a statement: "I categorically deny the allegations brought by the Financial Conduct Authority ... I am confident I will be fully exonerated."
($1 = 0.7412 pounds)
(Reporting by Sam Tobin; editing by Sarah Young)
Insider dealing refers to the illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.
The Financial Conduct Authority (FCA) is a regulatory body in the UK that oversees financial markets and firms to ensure fair practices and protect consumers.
A trading platform is software that allows investors to buy and sell financial securities, such as stocks and bonds, through a brokerage.
A trial is a formal examination of evidence in a court, typically involving a judge and sometimes a jury, to determine the guilt or innocence of a defendant.
A confidential information leak occurs when sensitive or proprietary information is disclosed without authorization, often leading to legal consequences and financial loss.
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