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Potato Seller Who Heard Insider Tip by Chance Cleared
Eleven people were fined a total of 1.67 million euros ($1.9 million) in France for illegal trades on insider information ahead of a 2012 acquisition by Air Liquide SA, while regulators cleared a potato seller who said he got the tip by accidentally overhearing a conversation at a railway station. Monaco-based investor Francesco Angelini earned the most from the trading, and received the largest penalty by far -- 800,000 euros. The enforcement committee of France’s markets regulator also fined a retired Swedish investor 400,000 euros, while 9 other people will have to pay between 26,000 euros and 100,000 euros. The ... (full story)