AMF FINES GECI AVIATION FOR INSIDER TRADING

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By TESTCustomwebLP TESTCustomwebLP November 18, 2010 22:01

AMF FINES GECI AVIATION FOR INSIDER TRADING

French financial regulator the Autorite des Marches Financiers has fined aerospace-services company GECI Aviation and a company board member for publishing misleading information and trading on insider information.

GECI was fined €50,000 euros ($67,800) while the board member was fined €20,000 euros. The fine refers to the disclosure of information about GECI’s purchase of a majority stake in Reims Aviation Industries in 2008.

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By TESTCustomwebLP TESTCustomwebLP November 18, 2010 22:01
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