Lib Dems urge FCA to investigate Peter Mandelson over potential insider trading

Exclusive: Daisy Cooper says ex-minister could have abused trading laws' when sharing state information with Jeffrey Epstein

The Liberal Democrats have urged the UK's financial regulator to immediately investigate Peter Mandelson, saying his apparent decision to leak highly confidential government information to the disgraced financier Jeffrey Epstein may have led to insider trading.

In a letter to Nikhil Rathi, the chief executive of the Financial Conduct Authority (FCA), Daisy Cooper, the MP for St Albans and the Lib Dems' deputy leader, said it was crucial" to determine whether Mandelson or those he shared information with had profited from accessing market-sensitive and confidential material" in the aftermath of the 2008 financial crisis.