“Swiss take action over insider trading, market manipulation”

“Switzerland’s financial markets authority said Friday that it has taken action in two separate cases of insider trading and market manipulation, seizing millions of Swiss francs (dollars) of illegal profits and banning three traders from the industry.

The authority, FINMA, said 1.4 million francs in ill-gotten profits were seized from a former corporate board member who “repeatedly and systematically flouted the ban on using non-public information” to trade in shares of premier Swiss companies between 2013 and 2016.”


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