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Two arrested in insider dealing investigation

Two people have been arrested and questioned as part of an investigation by the Financial Conduct Authority and the City of London Police into insider dealing and market abuse. 

On 30 April, the FCA and the City of London Police Economic Crime Directorate executed a search warrant in West London.

A man aged 41 and a woman aged 37 were arrested and questioned in connection with the investigation.

The FCA 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.

Business and private premises in Switzerland were also searched by the Swiss authorities in connection with the FCA’s investigation.

Insider dealing is punishable by a fine or up to seven years imprisonment.

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