[ by Melanie Gretchen ]

Will Deutsche Bank is not having a good year.  Insider trading, however, is.

The former Deutsche Bank AG managing director is the latest individual to be charged with insider trading, as Nomura Holdings and SAC Capital Advisors continue to experience the aftershocks of their own scandals.  Martyn Dodgson is among 4 charged with "conspiracy to insider deal."

Financial Services Authority Findings and Allegations. Between 11/1/06 and 3/23/10, Mr. Dodgson, Andrew Hind, Benjamin Anderson, and Iraj Parvizi made more than £3 million ($4.8 million) on improper trades, the U.K.'s FSA said yesterday in an e-mailed statement.  Over the course of 2-1/2 years, the FSA investigation, called Operation Tabernula, Latin for little tavern, probed the front- running of block trades, in which a trader takes a position to capitalize on advance knowledge of a transaction large enough to influence the price of securities.

Since the investigation began, the FSA, which conducted the investigation with the U.K.'s Serious Organised Crime Agency, has arrested 7 people and raided 16 addresses in London and southeast England in March 2010 as part of the crackdown, before making 2 more arrests later.  Of those arrested in 2010 (Julian Rifat of Moore Capital Management LLC; Clive Roberts, the head of European sales trading at Exane BNP Paribas; and Novum Securities Ltd.’s Graeme Shelley), only Mr. Dodgson has been charged.

The bank, which has "cooperated fully with the authorities," has not.  "The investigation concerned one individual, Martyn Dodgson, and not the bank itself," the lender said.  In Mr. Parvizi's defense, lawyer Peter Hughman said in a telephone interview his client "emphatically denies the charges and is determined to clear his name."

For further details, go to [Bloomberg, 10/2/12].