French regulator fines Lebanese trader record $23.9m

French regulator fines Lebanese trader record $23.9m

PARIS- France's financial market regulator slapped a record 14 million euro (S$23.9 million) fine on a Lebanese trader for insider trading surrounding the 2008 buyout of logistics company Geodis by France's national rail monopoly, SNCF.

The previous record of 8 million euros, decided by the AMF earlier this year, was inflicted on luxury group LVMH for activity related to its investment in rival Hermes.

More about

Lebanon
Purchase this article for republication.

BRANDINSIDER

SPONSORED

Most Read

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.