Three London-based males have been arrested on suspicion of insider dealing, conspiracy to insider deal and cash laundering linked to organised crime.
The joint operation between the FCA and the Nationwide Crime Company noticed 38 officers take away digital units and search three London residential properties.
All 3 people had been interviewed beneath warning by the FCA, with 2 being launched beneath investigation and one on unconditional bail.
A fourth suspect has been interviewed beneath warning and stays beneath investigation.
Steve Sensible, joint government director for the FCA, mentioned: “Insider dealing poses a big menace to the integrity of monetary markets each within the UK and abroad. The FCA is dedicated to combatting organised felony networks concerned on this menace.
“We work tirelessly, utilizing our personal subtle monitoring programs and specialist groups, to determine and disrupt individuals concerned at every stage of those buying and selling occasions from the insider leaking info, individuals who promote inside info to merchants and brokers who facilitate entry to the buying and selling market.
“Working with our home and worldwide enforcement companions we’ll proceed to make use of all of the powers and techniques out there to us to disrupt this menace.”
The regulator mentioned it can’t remark additional or publish additional particulars presently.