Two 'senior' City professionals arrested in insider dealing probe

A joint operation carried out with the Serious Organised Crime Agency (SOCA) since 2007 resulted in the arrests this morning. As part of the operation, the largest insider dealing investigation ever undertaken by the FSA, 16 addresses were searched in London, the South East and Oxfordshire. Among the suspects are two senior City professionals at major institutions, and one professional at a hedge fund. They were arrested on suspicion of involvement in a sophisticated and long-running insider dealing ring. It is believed the professionals passed information to traders, who went o...