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German Regulator Provides Update On Wolff-Stroll Insider Trading Investigation
German markets watchdog BaFin has found no evidence of wrongdoing following an investigation into alleged insider trading by Mercedes team principal Toto Wolff and Aston Martin owner Lawrence Stroll, the Financial Times has reported. The regulator has closed its investigation after it decided it has no grounds to continue to look into alleged insider trading activity related to Daimler (ETR: DAI), Mercedes’ parent company, and Aston Martin Lagonda (LON: AML). BaFin has shared its findings and pertinent information with the Financial Conduct Authority (FCA), which regulates the UK’s financial services industry. Specifically, regulators investigated Wolff’s purchase of shares in Aston...
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7mo ago from Formula1News.co.uk
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