Other Citywire websites
Stay connected:

View the article online at http://citywire.co.uk/new-model-adviser/article/a652621

Five arrested in FSA insider dealing investigation

by Michelle Abrego on Jan 22, 2013 at 10:32

Five arrested in FSA insider dealing investigation

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.

8 comments so far. Why not have your say?


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 this

Alistair 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 this

Alasdair Sampson (FinServ Solicitor)

Jan 22, 2013 at 10:53

Well.....they gotta pay for those high salaries somehow.

report this

Clive 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 this

Belmarsh Solitary

Jan 22, 2013 at 11:16

@clive rayner


report this

lost in tamworth

Jan 22, 2013 at 11:17

bit gutted really... read the headline the same as the first 2 posts..

report this


Jan 22, 2013 at 11:53

Same. Read the headline and got all hopeful.

Then of course realised that nobody polices the police.

report this


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!

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Opportunities emerge as production moves back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

A spotlight on Alastair Mundy

Alastair Mundy met Citywire's Daniel Grote at the London Stock Exchange Studios for a detailed interview about the Investec Cautious Managed fund.

More about this article:


Sorry, this link is not
quite ready yet