The UK’s resurgent FSA struck again today, as five men and a woman were arrested on suspicion of insider trading after raids in London and Essex, England.
“It’s clear that the FSA is stepping up its criminal investigation arm,” said Gerallt Owen, a regulatory lawyer at Crowell & Moring LLP in London who advised a defendant in a previous insider-trading case. “This may be a sign that there are going to be many more criminal cases,” Owen told Bloomberg.
The FSA stated today that the case marks “the third set of arrests carried out by the FSA and the City of London Police into organized insider dealing in the last 12 months. None of the three sets of arrests are linked.”
