Innocent’s loss

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  • I was Andrews best friend throughout our school days - He was the most ambitious person I have ever met - if this man did something wrong it would be the first I knew of it - he was a proud man and one of honour. It is the City's loss that Andrew has been so cruelly sacked especially in light of his brother Mark's tragic death. Andrew - if you are reading this - you have my condolences and sympathy. Gary

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  • Correction please - you say "under a Labour government its [the FSA's] budget would almost certainly have been reduced."

    The FSA's budget derives from levies charged to those it regulates - the government does not control or pay for it.

    Perhaps someone ought to remind George Osborne of this, so he can consider the impact any plans might have on the public purse?

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  • How's this for a headline?

    "Innocent Smoothie"

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  • Did I miss the explanation for how he came to make his fortuitous stock pick?
    The only insight seems to be: "The firm was not told of the share deal because Rimmington believed the client was not conflicted and he was not obliged to do so under the partnership terms."
    As I'm thinking of offering Andrew the job of managing my share portfolio I'd like to know what this means.

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  • Andrew Rimmington was acquitted and can properly describe himself as innocent. There are questions to be asked about how Dorsey handled the matter.
    But given that the Court of Appeal unanimously held that there was enough evidence for the case to go before a jury, Rimmington's lawyers' comments (implicitly accepted by your article) seem a bit OTT.

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  • I agree with Anon (21 Jun, 12:06 pm). This article completely glazes over how Mr R came to buy the stock in the first place. He clearly had inside knowledge and clearly used that to his advantage. Great, he's smart enough not to commit it to paper, but that doesn't mean he was truly on the up and up. Frankly too many people get away with this sort of thing, and while I agree that too much regulation is bad, too little is equally bad - to little has played a large part in the current financial state of the world.
    Just goes to show what happens when you leave corporations to do what they think is best - they show their greed and ultimately cannibalise each other.

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  • Andrew interviewed me years ago for Dorsey's London team but politely wrote sometime later that I was a tad junior for the D&W-trio that I met. He was impeccably well mannered throughout and I regarded him extremely highly for that.

    His credentials speak for themselves.

    He is a winner.

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