Laura WilesThe FCA has secured a confiscation order of £586,711.01 against Mohammed Zina, a convicted insider dealer.
The order amounts to all of Mr Zina’s available assets, and must be paid within 3 months, otherwise he will face a further 5 years in prison.
Between 2014 and 2017, Mr Zina worked as an analyst at Goldman Sachs. He joined its Conflicts Resolution Group in 2016, and in that role came into possession of inside information relating to potential mergers and acquisitions Goldman Sachs was advising on. In 2016 and 2017, he dealt in 6 shareholdings using this information, with total returns in trading these stocks being approximately £140,486.
In February 2023, he was convicted of all 9 offences and sentenced to 22 months’ imprisonment.