Friday, December 18, 2009

No Insider Trading at EADS

After a lengthy investigation, the AMF has cleared 17 EADS employees of insider trading charges. The "moralization of capitalism" has its limits:

“It’s a major failure, and it puts the AMF in a difficult spot” said Stéphane Bonifassi, a lawyer in Paris who specializes in financial crimes, referring to the regulator by its French initials. “It raises the question whether, when it comes to insider trading, we are not very efficient in Europe about sanctions.”

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