Four arrested in FCA insider dealing investigation

clock • 1 min read

Four individuals have been arrested following house searches carried out by the Financial Conduct Authority (FCA) and Metropolitan Police in West London.

The three men aged 29, 51, and 56, and one woman aged 25 are currently in custody to be questioned in connection with an investigation in to insider dealing and market abuse. The FCA said no individuals have been charged and the arrests are not linked to any other ongoing insider dealing investigation. Insider dealing is a criminal offence that is punishable by a fine or up to seven years imprisonment. The FCA was given powers to investigate and prosecute insider dealing by the Financial Services and Markets Act 2000. The regulator is currently prosecuting seven other individua...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Trustpilot