Arrest in FCA and police boiler room probe

A 21-year-old has been arrested and interviewed as part of a Financial Conduct Authority (FCA) investigation into boiler room fraud.

The person was arrested by Kent police on Wednesday morning after the force, together with the FCA and National Crime Agency, executed search warrants at addresses in London and Kent. The person has not yet been charged and the regulator has released no further information at this point. The arrest follows a string of FCA crackdowns on investment fraud in recent months. In January the regulator and City of London Police arrested two men and one woman in connection with a fresh boiler room investigation in the Kent, Essex, and Bedfordshire areas. Earlier in the month it warned of...