FSA Launch Investigation Into Insider-Dealing Allegations

The Financial Services Authority this morning launched a series of co-ordinated raids on the homes and offices of three finance industry workers following allegations of a new insider-dealing ring.

It is understood the as-yet-unidentified men, all in the their 30s, work in the City and are all FSA accredited.

It is not yet known which company, or companies, the three men work for.

A total of six searches in the City and Greater London area were carried out by the FSA in conjunction with Metropolitan Police officers.

In a short statement, the FSA said: "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."


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