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COPL ??? I wish. Three arrested in London insider dealing, organised crime probe.
LONDON (Reuters) - Three London-based individuals have been arrested on suspicion of insider dealing and money laundering in a "major crackdown" on organised criminal networks, British authorities said on Wednesday.
Almost 40 officers from the Financial Conduct Authority (FCA) and National Crime Agency (NCA) searched three residential London properties and seized digital devices on Feb 1., the FCA said on Wednesday.
A 48-year-old man, a fourth suspect, was interviewed under caution on Tuesday and remains under investigation. The arrested suspects were in their 50s.
Steve Smart, the FCA's joint head of enforcement and market oversight, said the watchdog was committed to combatting organised criminal networks involved in insider dealing, which posed a "significant threat" to the integrity of financial markets in Britain and overseas.
"We work tirelessly, using our own sophisticated monitoring systems and specialist teams, to identify and disrupt people involved at each stage of these trading events from the insider leaking information, people who sell inside information to traders and brokers who facilitate access to the trading market," he said.
Insider trading has carried a maximum penalty of up to 10 years in prison or a fine for offences committed after November 2021 in Britain.
No further details of the alleged offences were disclosed.
The FCA said in a separate notice that suspicious trading by members of organised criminal gangs in products whose underlying securities are British and internationally listed equities forms a "significant component" of the overall volume of suspicious trading it observes in equity markets.
"Toscafund is based in London with offices also in Melbourne, New York and Hong Kong. Manage over 3 billion of assets it seems. Can’t see any connection between these people and Anavio? None at all. And they’re not based in Canary Islands so that’s a bonus lol https://www.toscafund.com/our-funds/private-equity/the-team/IMHO GLA DYOR"
The above message was posted earlier today. But does the following mean there could actually be a tie up between Toscafund & Anavio.
The 11.05 RNS states: "Details of person subject to the notification obligation, Name - Toscafund Asset Management LLP" and then goes on to state: "Details of the shareholder, Name - TOSCA FOCUS"
It turns out TOSCA FOCUS is as follows :-
Tosca Focus is a hedge fund operated by Toscafund Asset Management and has approximately $115.2 million in assets. The current minimum investment for Tosca Focus is $1000000. 11 percent of the fund is owned by fund of funds. Management owns 11 percent of the fund.
Tosca Focus Overview
Fund Type: hedge
Private Fund ID: 805-2849873105
Fund Manager: Toscafund Asset Management (Crd# 155132)
Registered Location: Cayman Islands
Total Assets: $115.2 million
Minimum Investment: $1000000
Private Funds Managed by Toscafund Asset Management (7): Tosca Spc, Pegasus Fund , Tosca Plan Assets , Tosca Focus , Tosca Master , Tosca Mid Cap , Tosca Opportunity
Tosca Focus Details
Subadviser: No
Other Investment Advisers: No
Solicited: No
Rely on Reg D Exemption: No
Audited: Yes
Master Fund: Yes
Feeder Fund: No
GAAP: No
Beneficial Owners: 56
Management Ownership: 11%
Fund of Fund Ownership: 5%
Non-US Ownership: 93%
Auditor(s): Ernst & Young Ltd
Broker-Dealer(s): Morgan Stanley & Co International
Custodian(s): Morgan Stanley & Co International
Administrator(s): Citco Fund Services (Ireland) Limited
Please Note : - Registered Location: Cayman Islands.
ADDRESS :- Ugland House, 121 South Church Street, Georgetown.
Grand Cayman, Cayman Islands KY1-1104
---------------------------------------------------------------------------------------------------
ANAVIO
ADDRESS :- Ugland House, 121 South Church Street, Georgetown.
Grand Cayman, Cayman Islands KY1-1104
---------------------------------------------------------------------------------------------------
Investigation by the U.S. government.
During his first presidential campaign, U.S. President Barack Obama referred to Ugland House as "the biggest tax scam in the world", raising questions over the number of companies with a registered office in the building.[3][4]
Tradtroll - "Anyway Im still here not going anywhere."
Wrong, after reading the childish, inane diatribe that you have spewed out onto this BB today, you are going somewhere and that has been especially provided for idiots such as yourself, the Green Box. This ensures I get a more relaxed, informative and sensible read whilst enjoying the further rise of COPL.
He has to wait for Tricky to give the go ahead.
Tricky Trev and a University professor who has to tweet when ordered. Now where have I seen that before??
If I remember correctly, these are the 'Cowboys' that p*ssed off Duncan Bannatyne by sending unsolicited boxes of masks to his health clubs. At the time they gave me the impression that they were just immature chancers that would do anything or say to attempt a sale.
ConfusionBOY.
Beyond help,
What a W anchor.
Another green line.
US Independence Day opening hours 2021
There will be a few changes to normal opening hours on Monday 5 July, due to the US Independence Day commemoration. Check the table below, and find out how the changes could impact your trading.
Friday 2 July Regular closing times
Monday 5 July US soft commodities, lumber and livestock are closed
US index futures close early at 6pm. We will make out-of-hours prices on Wall St, US 500, US Russell 2000 and US Tech 100 between 6pm and 11pm
US interest rates and the Dollar Index close early at 6pm
US Crude, Gold and Silver close early at 6pm.
Brent Crude, ICE WTI and London Gas Oil close early at 6.30pm
The VIX closes at 4.30pm
London Sugar closes at 5pm
Tuesday 6 July Regular closing times