Eight men arrested in the City for questioning related to insider dealing
LONDON – Continuing its clampdown on market abuse, the UK Financial Services Authority arrested eight people yesterday and executed search warrants across London and the south-east of England in connection with an ongoing investigation into insider dealing rings.
No further information was provided by the FSA, but UK newspapers have indicated the eight people are all men aged between 27 and 48. They are being questioned at a police station but have not yet been charged.
Some 40 FSA staff were involved in the operation, assisted by City of London police. This is the latest development in the FSA’s continued enforcement against market abuse in the City.
More on Regulation
Matherat to Deutsche, O'Malia to Isda - regulatory moves worry some
Record-breaking settlement between Bank of America and US federal and state entities
Top regulators want FSB to fix clash between reporting rules and privacy laws
Chair of Lords subcommittee says UK neglect of Europe is "criminal"
Sign up for Risk.net email alerts
Watch highlights of this year's London conference
Operational risk and the challenges of defining and dealing with conduct risk
Watch discussions and speakers from our North America conference
In the February 2014 editorial video, OpRisk's latest industry survey finds room for improvement in risk management
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.