On 16 February, the FSA announced that searches had been conducted at a London business address and two domestic premises and that a man had been arrested in connection with a complex insider dealing investigation being conducted by the FSA and the Serious Organised Crime Agency (SOCA).  This follows previous searches and arrests in March 2010 and April 2011.  The FSA announced further arrests on 1 March.

In its announcement the FSA referred to 15 other individuals currently being prosecuted for insider dealing, with trials of some of the relevant individuals commencing last month and others due to commence later this month.