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UK reports of suspicious trades surge from 2009 levels
The UK Financial Services Authority says it is on track to have 900 reports of suspicious trading in 2012, triple the number from 2009. However, the regulator doesn't see such data as evidence that market abuse is rampant. "Rather, we think our messaging around the requirement for and importance of market participants submitting [suspicious-trade reports] is hitting home," said Jamie Symington, head of wholesale enforcement.

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