Former Formula One racing team official, Victor Muller, who is the founder and former CEO of Spyker, has reportedly been fined $150,000 for insider trading by Dutch financial watchdog AFM (Autoriteit Financiele Markten). According to an article in DueMotori.com, AFM ruled that Muller emailed an undisclosed bank in the middle of last year and advised it not to sell shares in Stryker because a “positive press release” was shortly due to be released. The AFM reportedly imposed the heaviest penalty possible.
Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn