A GLG analyst was one of three men arrested yesterday as part of a joint investigation with the FSA and the Metropolitan Police Service into insider dealing and market abuse, according to reports.
Six search warrants were executed in the City of London and Greater London Area and the three men, aged 33, 37 and 39, were arrested and taken into custody to be questioned in connection with the investigation.
A press statement from GLG parent company Man Group says it “has been informed by the FSA that the investigation concerns the individual’s actions as a private individual and not as an employee of Man or GLG.”
The FSA says no further details can be confirmed at this time and no individuals have been charged.
The arrests are not linked to any other ongoing insider dealing investigation.