One arrested as FSA continues to clamp down on unauthorised business

By Bridging Loan Directory -

 

With the assistance of the City of London Police, the Financial Services Authority (FSA) today executed a search warrant at one address in East London in connection with an investigation into a suspected unauthorised foreign exchange trading scheme.

A 23 year old man was arrested on suspicion of committing offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006.

No one has been charged at this stage in connection with the FSA’s investigation, which is ongoing.

No further details can be confirmed at this time. The arrest is not linked to any other FSA investigations.