U.K.’s FCA ‘Aware’ of Carillion Insider-Dealing Allegations

The U.K.’s markets regulator was “aware" of allegations of insider trading in shares of Carillion Plc prior to the company’s collapse, the head of the Financial Conduct Authority said in a letter to lawmakers. Carillion, an outsourcing company with contracts in everything from hospitals to the HS2 high-speed rail project, went out of business in January after failing to shore-up finances and get a government bailout. The FCA is "looking" at the allegations, Andrew Bailey said in a July 22 letter to lawmakers.