FSA arrests three in insider dealing investigation
Cost means insider prosecutions will be rare, legal expert warns
Three men have been arrested by the UK's Financial Services Authority (FSA) in connection with an investigation into insider dealing and market abuse.
The unnamed individuals, all in their thirties, have not yet been charged and the arrests are not linked to any other ongoing insider dealing investigation. If charged, they may face a fine or up to seven years' imprisonment.
The FSA has so far secured 21 convictions in relation to insider dealing, but Tony Woodcock, commercial litigation partner
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