FSA forex investigation yields second arrest

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A second man has been arrested as part of a Financial Services Authority (FSA) investigation into a suspected unauthorised foreign exchange trading scheme.

The FSA confirmed a 54-year-old man was arrested yesterday on suspicion of committing offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006. It follows the arrest of 23-year-old Alex Hope last month in connection with the same investigation. No one has yet been charged as part of the investigation.

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