Ex-KPMG Auditor Guilty of Insider Trading on Swiss Takeover
- Senn must pay 47,000 Swiss francs in fines, costs and profits
- Auditor convicted for exploiting ‘confidential information’
Photographer: Yuriko Nakao/Bloomberg
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A former KPMG auditor was convicted of insider trading by Switzerland’s top criminal court over trades he made in 2011 on an undisclosed takeover bid.
Daniel Senn was fined 5,000 Swiss francs ($5,050) by Switzerland’s federal criminal court and faces a further penalty of 68,800 francs if he breaks the terms of his two-year probation, the court in Bellinzona, Switzerland ruled in a brief written decision on Thursday.