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London- based wealth manager Says Ex-Employee Arrested on Suspicion of Fraud

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Charles Stanley Group Plc, a London- based wealth manager and brokerage, said a former employee was arrested on suspicion of fraud. “This individual was responsible for defrauding clients and non-clients,” Magnus Wheatley, a spokesman for the firm, said in an e-mailed statement. “The conduct concerns transactions undertaken by the individual…

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