An Essex man has been jailed for his part in an insider dealing ring.
Southwark Crown Court heard Ali Mustafa, a print room assistant at UBS, and his brother Ersin, an operations manager in the confidential print room at JP Morgan Cazenove stole documents on secret takeovers or mergers.
They then passed them on to five traders, who made a profit of more than £700,000 by spread betting. Ali Mustafa, 31, of Basildon, was jailed for three years six months.
Also jailed for three-and-a-half years were Pardip Saini, 39, of Plumstead and Paresh Shah, 47, of Potters Bar.
Traders Bijal Shah, 37, of Harrow, and Truptesh Patel, 49, of Wapping, received two year terms. Neten Shah, 49, of Edgware, north London was sentenced to 18 months. Broker Mitesh Shah, 45, from New Barnet, was acquitted at an earlier hearing of insider dealing, while Ersin fled to Northern Cyprus.