FSA: Arrest Made As FSA Continues Clamp Down On Share Fraud

-With the assistance of the City of London Police, the FSA executed search warrants on three premises in London and Southend and one individual was arrested.

-The FSA also served injunctions freezing assets up to GBP350,000 and restraining the unauthorised activities of the businesses and individuals involved.

-The FSA investigation centres on two individuals who are suspected of profiting directly from the activities of a number of suspected overseas boiler rooms.

-No-one has been charged at this stage in connection with the FSA's investigation, which is on-going.

-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com

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  11-06-091139ET
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