French regulator fines Lebanese trader record €14m

GMT 14:32 2013 Thursday ,24 October

Arab Today, arab today French regulator fines Lebanese trader record  €14m

Arab Today

France's financial market regulator slapped a record 14 million euro ($19 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.

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