Three Arrested in FSA Insider Dealing Investigation

Jack Humphrey, Regulatory journalist
March 12, 2012 /

The Financial Services Authority (FSA), with the assistance of Cheshire and Lancashire Constabularies, has executed three search warrants at premises in Northwich and Rossendale.

Three individuals, two men aged 43 and 42 and a woman aged 35 have been arrested and are currently in custody to be questioned in connection with an investigation in to insider dealing.

The FSA has so far secured 11 convictions in relation to insider dealing: Christopher McQuoid and James William Melbourne in March 2009; Matthew and Neel Uberoi in November 2009, Malcolm Calvert on 11 March 2010, Anjam Ahmad on 22 June 2010, Neil Rollins on 21 January 2011, Christian Littlewood and Angie Littlewood on 8 October 2010 and Helmy Omar Sa’aid on 10 January 2011 and Rupinder Sidhu on 15 December.

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.

Insider dealing is a criminal offence that is punishable by a fine or up to 7 years imprisonment.

 

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