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Fingerprint Cards CEO Suspected of Insider Trading in Sweden

Fingerprint Cards AB, a Swedish maker of biometric sensors for smartphones, said Chief Executive Officer Johan Carlstroem and a former board member are being investigated for insider trading. The shares plunged as much as 42 percent.

Fingerprint Cards is cooperating with the Swedish Economic Crime Authority’s investigation, the company said today. Stockholm police held Carlstroem for a day and a half after the executive was arrested on Sept. 9, he said in a phone interview.