A seventh person has been arrested on suspicion of taking part in a long-running insider dealing scheme allegedly involving senior executives at Deutsche Bank and Exane BNP Paribas.
The arrest follows hot on the heals of yesterday's swoop on 16 addresses which led to six people being arrested over the same scheme, in a joint FSA and Serious Organised Crime Agency (Soca) probe. Following questioning, the individuals will be released on bail and no further details can be confirmed at this time, the FSA said in a sttement. Yesterday, documents and computers were seized from premises in London, the South East and Oxfordshire in the FSA's biggest operation against insider dealing. Among those arrested were Julian Rifat, a London-based equity execution trader at Mo...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
