Insider dealing reports to regulator jump 40%

A total of 1,035 reports were made to the FCA this year, up from 739 the year before. Businesses have to make reports of any suspicious transactions as part of their regulatory obligations. The suspicious transaction reports that relate to "the misuse of information", or insider dealing, have increased rapidly over the last five years, according to research by Bovil. Bovill head of wealth management Mark Spiers said: "Financial services firms have responded to pressure from the FCA to improve their monitoring of suspicious transactions. "But despite the increase, potential insid...