On the 30 April the Financial Conduct Authority (FCA) with the assistance of the City of London Police Economic Crime Directorate executed a search warrant in West London. Two people, a man aged 41 and a woman aged 37, were arrested and questioned in connection with an investigation into insider dealing and market abuse.
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 a criminal offence that is punishable by a fine or up to 7 years imprisonment.
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