By Peter KellnerThe UK and US have the worst insider trading laws in the world, according to a report by The Financial Conduct Authority (FCA).
In the UK, it is illegal to trade on information that could be used to manipulate a market, or to commit fraud.
In the US, it’s a crime to trade to influence a market and to sell a security that you did not acquire.
The FCA also said that there was a wide range of insider trading in the UK.
“It is difficult to identify how much, if any, trading is taking place,” the report said.
A spokesman for the Financial Services Authority (FSA), which regulates the industry, said it was “aware of the FCA report”. “
We expect that the evidence gathered in this report will be helpful in the investigation and prosecutions of these serious offences.”
A spokesman for the Financial Services Authority (FSA), which regulates the industry, said it was “aware of the FCA report”.
“We have asked the FTA to publish its findings and to provide any guidance that they may require in the wake of the report,” he said.
It is also working with other agencies, including law enforcement, the Bank of England, the Financial Markets Authority, and the Office of the Director of Public Prosecutions to investigate any other relevant matters.” “
The FSA is working closely with the relevant authorities, including the Financial Ombudsman Service, to determine how to respond to the findings.
It is also working with other agencies, including law enforcement, the Bank of England, the Financial Markets Authority, and the Office of the Director of Public Prosecutions to investigate any other relevant matters.”
The report follows an investigation by the Guardian which found that the trading of US hedge funds was rife with insider trading.
In its report, the FCO said it would be “inappropriate” to comment on specific cases, but said it had “received reports that some hedge funds may have engaged in some type of trading activity” between 2008 and 2014.