Gerard Pique Faces Major Fine in Spanish Insider Trading Scandal
33 Articles
33 Articles
Former Spanish footballer Gerard Piqué has been fined 200,000 euros for insider trading.
Shakira's ex-husband and Barcelona ace, thanks to a businessman's information, bought shares in a company that was shortly after acquired, multiplying his profits.
Algemeen Dagblad
Gerard Piqué has been fined 200,000 euros for insider trading. According to the Spanish regulator CNMV, the former Barcelona player bought shares in a safety and health company just before a takeover bid, only to sell the shares again.
The privileged information, which concerned conversations about Atrys Health's planned offer to Aspy Global Services, became public two days later.
Gerard Pique Faces Major Fine in Spanish Insider Trading Scandal
Gerard Pique, former Spanish footballer, has been fined by the CNMV for trading on insider information regarding Atrys Health's acquisition of Aspy Global Services. The sanction is double that of Francisco Jose Elias, who shared the information. Despite the penalty, the decision can still be challenged in Spain's National Court.
The National Securities Market Commission (CNMV) has fined the former footballer of FC Barcelona, Gerard Piqué, and businessman José Elias for privileged information about Atrys Health's offer to buy Aspy, as published in the Official State Gazette (BOE) this Monday.According to a resolution of 22 April of the supervisory body, these offences are classified as "very serious", for which the athlete has been punished with 200,000 euros, while the …
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