Three men arrested on suspicion of insider dealing
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Three 38-year-old men were arrested yesterday in connection with an investigation by the FSA into suspected insider dealing.
Search warrants were executed at four addresses in London as part of the operation.
All three were interviewed under caution and then released on police bail.
The operation was jointly carried out by the FSA and the City of London Police Economic Crime Directorate.
The FSA says no further details can be confirmed at this time and the investigation continues.
This is the fourth set of arrests carried out by the FSA and the City of London Police in regards to insider dealing since 2008.
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Readers' comments (5)
Julian Stevens | 29 Jan 2010 11:38 am
Will we ever see anyone at the FSA brought to book for misuse of industry funds?
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Incompetent Regulators Awards Team | 29 Jan 2010 11:42 am
ooohhhhhhhh............
FSA appear to on the ball for once. Did they get Mr Bean or Frank Spencer on the job?
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John Harding | 29 Jan 2010 12:35 pm
Julian, the FSA is accountable, supposedly, only to Parliament, a body that is shall we say less than ready to criticise the misuse of anybody's funds, until possibly after the next election that is.
Even then it will have much bigger fish to fry.
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Anonymous | 29 Jan 2010 1:15 pm
I went to a Ladbrookes casino once and saw loads of insider dealing going on. The dealers were every where and they were raking it in. Shame the FSA don't work evenings or they would have had them too.
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M J Winfield | 29 Jan 2010 8:36 pm
The FSA Rulebook clearly expresses that the FSA make the Rules as an Independant Organisation. Controlled by the Government - Tresury and Bank (The providers of the next carreer move)
There is nothing to express penalties if they ignore their own rules.
It is only in Regulation - Government - Civil Service and Banking were failure is rewarded.
The common factor is how they are funded by other peoples money.
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