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Five arrested in FSA insider dealing investigation
by Michelle Abrego on Jan 22, 2013 at 10:32
Five people have been arrested in connection with a Financial Services Authority (FSA) investigation in to insider dealing and market abuse.
The FSA has executed four search warrants in the City of London, Lincolnshire, Leicestershire and North Yorkshire and arrested the five with the assistance of City of London, the East Midlands and the North of England police forces.
The five, two men aged 37 and 62 and three woman aged 39, 51 and 63, will be questioned in connection with an investigation in to insider trading and market abuse, said the FSA.
The arrests are not linked to any other ongoing insider dealing investigations and the FSA cannot confirm any further details at this time, it added.
The FSA has secured 21 further convictions in relation to insider dealing since 2009 and is currently prosecuting another six individuals.
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by Michelle Abrego on Jun 18, 2013 at 18:29
8 comments so far. Why not have your say?
Anitaki
Jan 22, 2013 at 10:37
When l saw the headline, l immediately thought that 5 inside the FSA had been arrested for insider dealing.
But l never get that lucky.
report thisAlistair Hinton
Jan 22, 2013 at 10:43
Coincidentally, that's just how I read it initially; whether that might have anything to do with conditioned responses I would rather not even speculate.
report thisAlasdair Sampson (FinServ Solicitor)
Jan 22, 2013 at 10:53
Well.....they gotta pay for those high salaries somehow.
report thisClive Rayner
Jan 22, 2013 at 11:04
Is it insider dealing when you know the right person in Barclays to talk to in order to secure your next highly paid job?
report thisBelmarsh Solitary
Jan 22, 2013 at 11:16
@clive rayner
Yes
report thislost in tamworth
Jan 22, 2013 at 11:17
bit gutted really... read the headline the same as the first 2 posts..
report thisSmithling
Jan 22, 2013 at 11:53
Same. Read the headline and got all hopeful.
Then of course realised that nobody polices the police.
report thisYorkiebar
Jan 22, 2013 at 12:09
This suggests linked activity for individuals across a wide area. So up to 7 years each and unlimited fines and other penalties and public statements about their behaviour. Will be Interesting to know the ins and outs of their misleading conduct!
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