FCA arrests three in fresh boiler room investigation

The FCA arrested two men aged 32 and 41, and one woman, aged 32, on Tuesday morning, after executing search warrants at six addresses in Kent, Essex, and Bedfordshire. The individuals were interviewed in connection with an investigation into boiler room activity, however no individuals have been charged, the FCA said. The arrests are not linked to any other ongoing investigation, it added.  The FCA said it could not give any further details at this stage. The regulator previously shut down a suspected boiler room scam in November by placing an unlimited worldwide asset freezing ...