View more on these topics

Seventh arrest made in insider dealing investigation

A seventh arrest has today been made in conjunction with the joint FSA and Serious Organised Crime Agency insider dealing investigation.

The FSA says the individuals will be released on bail following questioning, but will not confirm any further details.  

Yesterday it was announced that six men had been arrested in the first operation carried out jointly between the FSA and the Soca.

Sixteen addresses were searched in London, the South East and Oxfordshire and  documents and computers were seized from residential and business premises.

According to reports, London-based hedge fund Moore Capital was one of the firms raided in the investigation and one arrest was made there.

It is believed that the city professionals passed inside information to traders (either directly or via middlemen) who traded based on this information and have made significant profits as a result.

The operation was carried out by 143 FSA personnel together with officers from Soca as part of a joint investigation that commenced in late 2007.




“I’ve taken up cage fighting. You should see the state of the budgie.”Pru Protect Actuarial and product director Deepak Jobanputra explaining to a MM hack how he broke his wrist. “My garden’s looking lovely but I’ve been seeing way too much of it.”Newly appointed Axa Elevate distribution director Shaun Sandiford on being back in the […]

Navigating volatility

The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment