U.K. Authorities Arrest Three Hedge Fund Employees

Feb 27 2013 | 1:39pm ET

British authorities have arrested three hedge fund employees as part of a crackdown on insider-trading.

The three men were taken in for questioning by the Financial Services Authority. The regulator said their arrests were not linked with previously announced insider-trading investigations.

The FSA did not identify the three, all men, aged 33, 37 and 39. The regulator also did not disclose which hedge fund or funds they worked for. None has been charged.

The FSA did say that it executed six search warrants on homes and offices in London and its surroundings, alongside the Metropolitan Police.

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