The FSA said this month that a fifth of merger announcements last year were preceded by unexplained share price moves, an indication of possible insider trading. “I don’t think it’s accurate at all that we are going for tiddlers,” Cole told Reuters in an interview. “We have made huge steps forward and have moved into some quite complex territory. We expect to bring cases that will have significant impact,” said Cole, a former litigation lawyer.
Read more: UK: FSA expects big-name enforcement actions — Interactive Investor
