Wednesday 08 July 2026 5:52 pm
City watchdog charges solicitor with insider dealing
The financial watchdog has charged a City lawyer with five counts of alleged insider dealing for trading in the assets of maternity fashion brand Seraphine Group using confidential information he gained while working on an acquisition of the company.The Financial Conduct Authority (FCA) said Richard Bloomfield, 38, worked on an acquisition of the City-based maternity clothing company and alleged that he used inside information he obtained through his role to buy and sell shares in the Seraphine Group on the stock market on five occasions between 28 March 2022 and 10 January 2023. The watchdog confirmed that Bloomfield appeared before Westminster Magistrates’ Court and he gave no indication of plea. Bloomfield has been released on unconditional bail.The case has been sent to Southwark Crown Court, where his next appearance is scheduled for 5 August 2026. The FCA added that it is not investigating the law firm or Seraphine Group.The regulator told City AM that, as this is an ongoing criminal proceeding, it would not be appropriate for the FCA to comment further while such criminal proceedings are active.Seraphine Group is a prominent British maternity and nursing wear brand founded in 2002, known for being worn by high-profile figures including members of the Royal Family, notably the Princess of Wales, Kate Middleton.