 to ensure company news was published at 7am each working day, an hour before the market opened. Anyone who was interested then had time to assess the news){kind=link}
Until 1981 insider dealing, trading in shares based on information not available to the public, was perfectly legal and even applauded in the City of London. And for years after it became a crime, few people were prosecuted. Robert Wilkinson was determined to change that.
He realised that the best way to eliminate unfair investment was to make price-sensitive information available to everyone at the same time. “If there is no inside information, there can be no insider trading,” he said. So he was the prime mover behind modernising the London Stock Exchange’s Regulatory News Service (RNS) to ensure company news was published at 7am each working day, an hour before the market opened. Anyone who was interested then had time to assess the news
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