Nordic Insider Trading Probe Embroils Private Equity Employees
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An investigation into alleged insider trading in a Swedish software company ahead of a takeover offer has enveloped two employees of a private equity firm.
“Verdane can confirm that two individuals, not on the investment team, are in custody,” a spokesperson for the specialist growth investment firm said in an email. “No investor funds are involved. Verdane has suspended the affected persons with immediate effect,” the spokesperson said.