Reported 13 days ago
A former Deutsche Boerse AG employee, identified as G. P., has confessed in court to engaging in insider trading for three and a half years, using non-public information from the Frankfurt stock exchange. He is facing 14 counts of insider trading, having made trades shortly before key filings were made public, which included investments in Deutsche Bank and Aurubis. G. P. expressed remorse over his actions and stated that his motivation stemmed from job frustration. Despite the investigation revealing numerous potential violations, the prosecution focused on 14 trades amounting to €163,000, with the court likely to impose a suspended sentence.
Source: YAHOO