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AMF FINES GECI AVIATION FOR INSIDER TRADING

Dino D'Amore
By Dino D'Amore Nov 18, 2010 0 mins read
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AMF FINES GECI AVIATION FOR INSIDER TRADING

French financial regulator the Autorite des Marches Financiers has fined aerospace-services company GECI Aviation and a company board member for publishing misleading information and trading on insider information.

GECI was fined €50,000 euros ($67,800) while the board member was fined €20,000 euros. The fine refers to the disclosure of information about GECI’s purchase of a majority stake in Reims Aviation Industries in 2008.

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