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Citigroup Help With Insider-Trading Case Detailed in Appeal


Citigroup Help With Insider-Trading Case Detailed in Appeal
This content was published on December 23, 2020 - 13:47
December 23, 2020 - 13:47
(Bloomberg) Among the 10,000 emails and other pieces of information that Citigroup Inc. provided to U.K. prosecutors was an item that a pair of convicted insider traders apparently thought was crucial: Two investment bankers co-owned an apartment in the Swiss Alps in Verbier.
The link between the two bankers was to form the crux of an ultimately unsuccessful attempt by a former compliance officer at UBS Group AG and a day trader to overturn their high-profile convictions. The appeal cast some light on “some of the murkier aspects” of insider trading, the judges said. ....

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