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UK Asset Managers Need Better Insider Trade Controls: FCA

By Ed Beeson (February 18, 2015, 2:14 PM EST) -- Hedge funds and other asset managers need to step up controls against insider trading and other abuses, the U.K.'s Financial Conduct Authority said Wednesday, as firms have shown weaknesses in monitoring trades for suspicious activity and ensuring that confidential information doesn't flow beyond those who need to know....

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