A man was arrested in relation to the offence of insider trading today.
Gardai jumped into action following a report to the GNECB from the Central Bank of Ireland pursuant to Section 33AK of the Central Bank Act 1942 (as amended). The man is currently detained in a south Dublin Garda Station in accordance with the provisions of Section 4 of the Criminal Justice Act 1984.
He was arrested for the offence of Insider Trading contrary to Regulation 5, European Union (Market Abuse) Regulations 2016, (S.I. No 349 of 2016). A garda spokesman said: "The extensive investigation carried out by GNECB has progressed with the assistance of personnel attached to the Central Bank of Ireland and their expertise and experience had been invaluable.
"This investigation is one of a number of ongoing investigations for Market Abuse at the Garda National Economic Crime Bureau."
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