Man Group Employee Among 3 Arrested In Insider Tips Probe

Law360, New York (February 27, 2013, 6:07 PM EST) -- The U.K. Financial Services Authority on Wednesday arrested three financial services workers in London, including one from Man Group PLC, in a new probe targeting insider trading in England’s financial center.

The FSA said it had executed six search warrants in London and arrested three men, aged 33, 37 and 39, in the probe. One of those individuals was an employee from Man Group’s GLG hedge fund division, the company told Law360 Wednesday.

"An employee of GLG was arrested by the FSA and Metropolitan Police this...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.