FCA and police swoop on insider dealing suspect

Carmen Reichman
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The Financial Conduct Authority (FCA) and North and West Yorkshire police have this morning arrested one male on suspicion of insider dealing and market abuse.

The arrest of the 49 year old man was in Harrogote. He "is currently in custody to be questioned in connection with an investigation into insider dealing and market abuse", the FCA said. It added:"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. "Insider dealing is a criminal offence that is punishable by a fine or up to seven years imprisonment." The FCA, and previously the Financial Services Authority, have secured 23 convictions in relation to insider dealing sinc...

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