View more on these topics

Five arrests in FSA insider dealing probe

FSA Letters 480

Five individuals have been arrested and are being held in custody to be questioned in connection with an investigation into insider dealing and market abuse.

The FSA and police executed four search warrants this morning in the City of London, Lincolnshire, Leicestershire and North Yorkshire.

Two men aged 37 and 62 and three women aged 39, 51 and 63 have been arrested.

None of the individuals have been charged at this stage, and the arrests are not linked to any other ongoing insider dealing investigation.

The FSA is currently prosecuting six other individuals for insider dealing. It has secured 21 insider dealing convictions since March 2009.

Insider dealing is punishable by either a fine or a prison sentence of up to seven years.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm