Fund Management Trio arrested in dawn swoops


City of London police arrested three fund management employees on suspicion of insider dealing following pre-dawn swoops across the capital.

The Financial Services Authority announced the raids on Wednesday claiming the arrests are unconnected to any other investigation but said their 'get tough' approach is the second series of raids this year.

The latest FSA swoop netted the trio aged 33, 37 and 39 on suspicion of market abuse and insider dealing.

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