Police arrest eight in British insider dealing probe

Police in the UK made eight arrests today in connection with a major probe by the City’s financial watchdog into insider dealing.

The operation, which involved 40 Financial Services Authority (FSA) staff and City of London Police, saw a number of properties searched across London and the South East.

The FSA, which refused to give any further details of the case, said the move was part of its “ongoing work to combat market abuse”.

The authority is looking to step up its enforcement activity over insider dealing with three cases currently before the courts.