The FSA … is “determined to take insider dealing enforcement right into the heart of the city,” Tracey McDermott, acting head of enforcement at the FSA, said in an interview in London hours before Galleon Group LLC co-founder Raj Rajaratnam was convicted in New York of insider trading.
“We recognize the need to go after bigger fry, not because they’re wealthy or high profile — we want to go after the people we actually think are causing the most damage to the market,” said McDermott….
Read more: U.K. Insider-Trading Probes to Target ‘Bigger Fry,’ FSA’s McDermott Says — Bloomberg News
