Insider Trading Arrests Hit One-Time Swedish Technology Star
- Fingerprint shares drop 6% on former CEO, board member arrests
- Probe examines suspicious trading activity last month
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A technology company that as recently as 2015 delivered investors a 1,600 percent stock-price gain now finds its name at the center of a criminal investigation in Scandinavia.
Sweden’s crime authority arrested current and former officials at Fingerprint Cards AB on suspicion of aggravated insider trading, sending shares of the maker of biometric sensors for smartphones to a 15-month low on Monday.