Ex-Deutsche Boerse Staffer Confesses in Insider Trading Case
- Man accused of trading off market filings before disclosure
- He placed trades during working hours at his computer
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A former Deutsche Boerse AG employee confessed he secretly traded for three and a half years on non-public information the Frankfurt stock exchange received from listed companies.
The man, who can only be identified as G. P., is being tried in Germany over 14 counts of insider trading between January 2018 and July 2021. On the first day of trial he admitted to using information Deutsche Boerse received 30 minutes before the filings were made public. He traded stocks in companies including Deutsche Bank AG and Aurubis AG.