01 · In plain English
What happened.
The FCA fined Neil Sedgwick Dwane £100,281 and prohibited him from working in UK financial services for insider dealing. While working as an adviser to ITM Power in 2022 he had inside information about an announcement planned for 27 October, sold 125,000 shares (his and a family member’s) the day before and then bought 180,000 shares after the price fell, making a £26,575 benefit. The FCA said he was required to obtain ITM’s permission before dealing but did not, and he qualified for a 30% (stage 1) settlement discount. The sanction was for breaches of the Market Abuse Regulation (insider dealing) in the issuer sector and was recorded on the FCA register.
Summarised from the FCA's notice and press reports. The FCA's own text and documents below are the authoritative record.
02 · Enforcement details
What the FCA published.
On 13 October 2025, the Financial Conduct Authority fined Neil Dwane £100,281. This Final Notice refers to breaches of market abuse related to Market Abuse Regulation in the Issuer sector. We imposed a financial penalty and prohibition. Source: the FCA's published list of 2025 fines.
03 · Press coverage
How it was reported.
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