FSA makes 'insider dealing' arrest

A 64-year-old man has been arrested by police on suspicion of money laundering and providing false information in connection with suspected insider dealing, the chief City regulator revealed yesterday.

The Financial Services Authority (FSA) said the arrest of the individual, whose identity has not been disclosed, was related to an ongoing investigation. Premises in Potters Bar, Hertfordshire, were searched as part of the investigation, the regulator added. Following questioning under caution by FSA staff, the man was released on police bail pending further enquiries.