Fridfinnur Ragnar Sigurdsson, a former executive with failed Icelandic lender Glitnir Bank hf, was sentenced to 12 months in jail for insider trading, the District Court of Reykjavik ruled today.
The former executive was indicted for “insider trading” for having on five separate occasions in 2008 sold a total of 1.26 million Glitnir shares for 20.1 million kronur ($159,000), according to the prosecution.
via Ex-Glitnir Banker Sigurdsson Gets 12 Months for Insider Trading – Businessweek
