Wednesday, 20 August 2014
Last updated 30 min ago
Jul 26 2010 | 12:28pm ET
French regulators have accused Boussard & Gavaudan Gestion of insider-trading, the hedge fund said today.
The London- and Paris-based firm said in a London Stock Exchange Settlement that the Autorité des Marchés Financiers has turned the “alleged breach by BGG of French insider-trading regulations” over to its enforcement arm. The hedge fund denied the allegations and promised to fight them, saying it “believes that its conducts has been and remains in conformity with market regulations.”
It is Boussard’s second run-in with the French regulator in as many years. Last February, the firm was fined for missing a three-day delivery deadline on shorted shares.
In this case, the firm said the alleged transgression involves a single, €1.06 million transaction.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note