U.K. Insider-Trading Investigations Set Record as FCA Cleans Up
- British regulator opened 84 insider-dealing probes in 2017
- FCA has been cracking down on behavior over the last decade
Photographer: Chris Ratcliffe/Bloomberg
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Junk your laptop and hide your phone; the U.K. markets watchdog opened another record number of insider-dealing investigations in 2017.
The Financial Conduct Authority started 84 of the probes this year, the most ever in a 12-month period, according to a freedom-of-information request by Bloomberg. The figure, which is based on cases started through Dec. 7, breaks last year’s record high of 70 new investigations.