The arrests took place on 13 October following a joint operation that involved over 100 staff from both agencies. Searches were conducted at five residential properties in London and Manchester, resulting in the seizure of more than 30 mobile phones, laptops, and tablets by FCA investigators.
The three suspects are currently being interviewed by the FCA at police stations in London and Manchester. Steve Smart, executive director of enforcement and market oversight at the FCA, stated that insider dealing poses a serious threat to market integrity and that the FCA will continue to combat such activities.
In the 2025/26 financial year, the FCA reported securing four insider dealing convictions, with two cases resulting in record sentences totalling 11 years of imprisonment. Additionally, twelve individuals were fined a combined total of £1.77 million for offences including insider dealing, market manipulation, and making misleading statements.
“"Insider dealing is a serious threat to the integrity of our markets. Working with partners, we will continue to use all the powers at our disposal to crack down on serious and organised crime groups engaged in market abuse."
