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
NCDEX finds itself in conflict with government clearing house proposals
Regulator set to focus on backtesting and replicability of index products
2015 rules promise oversight increase
Recent Iosco consultation paper aims to better co-ordinate global regulation
Sign up for Risk.net email alerts
Oxford professor David Vines argues that the carrot is as important as the stick
Sponsored webinar: IBM
Watch highlights of this year's London conference
Operational risk and the challenges of defining and dealing with conduct risk
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.