Three UK bank employees arrested in investigation of insider trading
Three employees from major banks have been arrested in an insider-trading investigation, which could become the UK’s biggest case related to the crime, according to two people with knowledge of the situation. The UK Financial Conduct Authority is working with the National Crime Agency, which is assisting with covert surveillance, the people said, who did not want to be identified because the investigation was private. The arrests of the workers, whose identities had not been disclosed, were carried out in recent months and more were planned, according to the people. An insider-trading probe was made public last week in a report by the government on the so-called Panama Papers scandal. The briefing said that a task force, set up to investigate leaked documents from a Panama law firm, had "identified a number of leads relevant to a major insider-trading operation" led by the Financial Conduct Authority and supported by the National Crime Agency. Officials at the regulator declined to ...
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