Police Nabs Fake Forex Trader

Jack Humphrey, Regulatory journalist
April 04, 2012 /

With the assistance of the City of London Police, the Financial Services Authority (FSA) has executed a search warrant at one address in East London in connection with an investigation into a suspected unauthorised foreign exchange trading scheme.

A 23 year old man was arrested on suspicion of committing offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006.

No one has been charged at this stage in connection with the FSA’s investigation, which is ongoing.

No further details can be confirmed at this time. The arrest is not linked to any other FSA investigations.

 

Share your opinion