Securities Law
Insider Trading Targeted in Europe, As Ex-Airbus CEO’s Case Shows
Posted Jul 2, 2008, 03:01 pm CDT
By Martha Neil
Historically, insider trading of securities hasn't been enforced nearly as aggressively in Europe as it is in the U.S. But that is changing, as news that the former chief executive officer of Airbus has been charged today with insider trading in France demonstrates.
Gustav Humbert, 58, was released on about $555,000 bond on preliminary charges of insider trading at EADS, the planemaker's parent company, by Autorité des Marchés Financiers, a French financial regulator, according to the London Times and Agence France-Presse. He had reportedly been in custody since Monday.
"In total 17 French and German members and former members of EADS and its main subsidiary, Airbus, are suspected of insider trading by the French… Continue reading...
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