RegulationMay 3 2013

Two arrested in FCA insider dealing raid

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Two people have been arrested and questioned in connection with an investigation by the Financial Conduct Authority into insider dealing and market abuse.

On 30 April the FCA, helped by the City of London Police Economic Crime Directorate, executed a search warrant in West London which resulted in the arrest of a 41-year old man and a 37-year old woman.

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 in prison.