A man has been arrested as part of an FSA investigation into a suspected unauthorised foreign exchange trading scheme.
With the City of London Police, the FSA executed a search warrant today at an address in East London.
A 23-year old man was arrested on suspicion of committing offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006.
No-one has been charged at this stage. The FSA’s investigation is ongoing.
The arrest is not linked to any other FSA investigations.