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FCA has ‘ambitious’ plan to fight insider dealing

The Financial Conduct Authority's enforcement boss Mark Steward pushes back against outsized estimates of market abuse

The FCA has made a big increase in the number of market abuse cases that they are investigating
The FCA has made a big increase in the number of market abuse cases that they are investigating Photo: Luciano Lozano / Ikon Images / Getty Images

Dump the burner phone: the UK’s enforcer-in-chief has set insider traders in his sights this year.

Mark Steward, the executive director for enforcement and market oversight at the Financial Conduct Authority, told Financial News that his objective for 2018 was to have a "very efficient enforcement practice” that, he said, dealt with misconduct “by detecting it early and quickly, investigating it properly and then taking appropriate action".

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