Bhavesh Hirani

The FCA fined Bhavesh Hirani £56,000 on 27 January 2026 for insider dealing and the unlawful disclosure of inside information, breaches of Article 14(a) and 14(c) of the UK Market Abuse Regulation. The regulator found that while interim CFO at Bidstack in December 2021 Hirani passed confidential details of a material deal to a friend (Dipesh Kerai), opened a trading account in that friend’s name and — with his help — bought about 1.3m Bidstack shares ahead of the public announcement. The assessed penalty was £80,000 but Hirani received a 30% settlement discount, reducing the fine to £56,000; the friend made circa £9,200 when the shares rose and his penalty included disgorgement of that profit.