The Financial Services Authority (FSA) has revealed that a seventh individual has been arrested as part of its insider dealing investigation.
It revealed earlier this week that six men, including two senior city professionals at top institutions, had been arrested as part of an operation by the FSA and the Serious Organised Crime Agency (SOCA).
David Berman, a regulatory lawyer at London-based Macfarlanes LLP, spoke to Bloomberg BusinessWeek about the developments, saying: "The FSA is pulling out all the stops to secure criminal convictions - whether that means teaming up with another regulatory body, cutting deals with accomplices, or using extradition orders."
Toby Parker, an FSA spokesman, also spoke to Bloomberg and noted that the organisation will use everything it can to tackle insider dealing.
A Moore Capital spokesperson confirmed earlier this week that the FSA had been at the company's London office to search for documents relating to an employee of Moore Europe.