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UK crime agency examining leaks in insider trading investigation: WSJ
Source: Reuters
BUSINESS NEWS DECEMBER 27, 2018 / 1:38 PM / UPDATED 31 MINUTES AGO
UK crime agency examining leaks in insider trading investigation: WSJ
(Reuters) - The UK National Crime Agency (NCA) is examining accusations that an employee leaked information to a suspect for money, undermining a probe into a network of insider trading suspects in Europe, the Wall Street Journal reported on Thursday.
The NCA, which usually focuses on tackling serious and organized crime, is investigating whether a government translator with access to wiretap recordings tipped off the target of an insider-trading investigation, the Journal reported, citing people familiar with the matter.
The NCA and Britain’s Financial Conduct Authority (FCA) markets watchdog did not immediately reply to requests for comment, sent outside of business hours.
The allegations stem from an investigation started in 2013, which included monitoring a network of people suspected of using illegal tips to trade stocks, the report said, citing sources. The investigation has led to at least one prosecution.
-snip-
UK crime agency examining leaks in insider trading investigation: WSJ
(Reuters) - The UK National Crime Agency (NCA) is examining accusations that an employee leaked information to a suspect for money, undermining a probe into a network of insider trading suspects in Europe, the Wall Street Journal reported on Thursday.
The NCA, which usually focuses on tackling serious and organized crime, is investigating whether a government translator with access to wiretap recordings tipped off the target of an insider-trading investigation, the Journal reported, citing people familiar with the matter.
The NCA and Britain’s Financial Conduct Authority (FCA) markets watchdog did not immediately reply to requests for comment, sent outside of business hours.
The allegations stem from an investigation started in 2013, which included monitoring a network of people suspected of using illegal tips to trade stocks, the report said, citing sources. The investigation has led to at least one prosecution.
-snip-
Read more: https://www.reuters.com/article/us-britain-insidertrading/uk-crime-agency-examining-leaks-in-insider-trading-investigation-wsj-idUSKCN1OQ1CV