Bafin to Review Volkswagen After Pollution Cheating in U.S.
- German financial regulator to look into carmaker's share drop
- Stock declines after VW admits cheating on tests for years
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German financial regulator Bafin will examine the trading of Volkswagen AG shares after disclosure of environmental violations in the U.S. prompted the stock to plummet on Monday.
Bafin will analyze the stock movement "as a matter of routine" before deciding whether to open a probe, Anja Schuchhardt, spokeswoman for the regulator said in an e-mail. The shares fell as much as 23 percent today and were down 20 percent at 130 euros in Frankfurt at 3:55 p.m.