One man arrested for insider trading following tip-off from Central Bank

Detectives from the Garda National Economic Crime Bureau today arrested a male for the offence of Insider Trading.

The man was arrested contrary to Regulation 5, European Union (Market Abuse) Regulations 2016, (S.I. No 349 of 2016).

In a statement, a Garda spokesperson said: “The investigation commenced following a report to the GNECB from the Central Bank of Ireland.

“The male is detained in a south Dublin Garda Station in accordance with the provisions of Section 4 of the Criminal Justice Act 1984.

“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.