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U.K. Arrests Deutsche Bank, Moore Capital Employees in Insider Trading Probe

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"U.K. authorities arrested six men, including an employee of U.S. hedge fund Moore Capital Management LP and another from Germany's Deutsche Bank AG, as part of what the government billed as a major crackdown on insider trading in London's financial center," the Wall Street Journal reports. "The FSA, the U.K.'s primary regulator of financial institutions and markets, trumpeted the insider-trading case as its largest ever. The agency, which has been under fire for its laissez-faire oversight of the City, as the financial district is called, and is trying to establish its crime-fighting credentials, said the raids targeted "a sophisticated and long-running insider-dealing ring" that netted participants "significant profits.""