View more on these topics

Arrest in FSA insider dealing investigation

A 64-year-old man was arrested yesterday by the City of London Police Economic Crime Directorate on suspicion of money laundering and providing false information in connection with suspected insider dealing.

The arrest was related to an FSA ongoing investigation into insider dealing.

In May last year five men and one woman were also arrested as part of this investigation.

Following questioning under caution by FSA staff, the man arrested yesterday was released on police bail pending further enquiries.

Following the arrest a premises in Potters Bar was also searched.

The FSA says no further details can be confirmed and the investigation is ongoing.

The regulator is currently prosecuting 11 other individuals for insider dealing.

Recommended

N&P facing 250 Keydata compensation claims

Norwich & Peterborough Building Society is to receive 250 compensation claims by lawyers acting for investors whose savings were placed in Keydata products on the group’s advice. Law firm Regulatory Legal says it will also this evening send documents to the FSA alleging that N&P recommended Keydata products to inappropriate clients. The documents will also […]

UK’s largest banks adopt BBA’s new financial reporting guidelines

The British Bankers’ Association has today published a new code for financial reporting, which has been adopted by the UK’s seven largest lenders. The new code attempts to ensure investors and regulators can access clear and transparent information about the UK’s largest lenders. The BBA says the lenders have gone beyond what is required by […]

EU creates new finance watchdogs

A new European Systemic Risk Council and three new watchdogs covering banking, insurance and securities markets will oversee financial services across the European Union. The reforms, which were ann-ounced last week and are likely to be voted on by the European Parliament later this month, will not give the new watchdogs direct supervisory powers other […]

The Downsizing Delusion: Why relying exclusively on your home to fund your retirement may end in tears

By Steve Webb, director of policy The British obsession with homeownership can have dangerous consequences. A recent survey by Barings¹ found that up to three million people of working age were planning to rely wholly on the value of their home to fund their retirement. We are not talking about people investing in buy-to-let or […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment