Four People in West London Arrested in FCA Insider-Trading ProbeLindsay Fortado
The U.K. markets regulator arrested four people in West London and searched two homes as part of an investigation into insider trading.
The Financial Conduct Authority and London police arrested three men, ages 29, 51 and 56, and a 25-year-old woman this morning and are questioning them at a police station, the regulator said in an e-mailed statement today.
None of the four hold regulated positions in the finance industry, according to a person familiar with the issue. The people arrested are a father, his son and daughter, and an acquaintance.
The regulator has arrested more than a dozen people on suspicion of insider trading this year, including employees of Schroders Plc, BlackRock Inc. and Man Group Plc’s GLG Partners hedge fund division.
Today’s arrests, in the Southall neighborhood, aren’t linked to any previous investigations.