Eight arrested in trading probe
http://news.bbc.co.uk/go/rss/-/1/hi/business/7531249.stm Version 0 of 1. The Financial Services Authority (FSA) has arrested eight people in connection with a major investigation into alleged insider dealing. Searches were carried out at a number of addresses across London and the south-east of England. The operation involved 40 FSA staff and a number of officers from the City of London police. The FSA said it was part of its work to combat market abuse. No further details were released. Insider dealing carries a maximum sentence of seven years in prison. As the financial services regulator, the FSA has powers to investigate and prosecute insider dealing. |