FSA toughens insider dealing enforcement
Recent insider dealing prosecutions by the FSA have demonstrated a new regulatory commitment to pursue more complex cases. Financial institutions are under pressure to tighten up internal controls or face the bite of the watchdog
Dawn raids at six addresses across London on February 27 led to three men being arrested by the UK’s Financial Services Authority (FSA) in connection with an investigation into insider dealing and market abuse. The organisation is currently prosecuting six further individuals, and has so far secured 22 convictions in relation to insider dealing.
Imposing its first penalty in 2004 and its first criminal conviction in 2009, the FSA has ramped up its ability to deal with insider dealing in recent
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