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Five arrested in FSA insider dealing probe

Five arrested in FSA insider dealing probe

Five individuals have been arrested in connection with an investigation into insider dealing and market abuse.

The FSA worked with police forces to execute search warrants in London, Lincolnshire, Leicestershire and North Yorkshire, leading to the arrest of two men aged 37 and 62, and three women aged 39, 51 and 63.

The individuals are currently in custody to be questioned and the FSA said none have been charged.

The watchdog added insider dealing is a criminal offence that is punishable by a fine or up to seven years imprisonment.

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