Swiss trader Helmut Anserine will pay us authorities $2.8 million for the withdrawal of charges of illicit enrichment on insider information about the deal Apple. The announcement appeared on the website of the Commission on securities and stock exchanges of the USA (SEC).
According to Slon, an investor from Basel, has reached a pretrial agreement with the authorities. In exchange for the waiver of further administrative action, he will return all obtained during an illegal transaction profit of $1.8 million, and will pay a fine of about $1 million.
Representatives of the SEC accused the financier for the purchase of shares of the company AuthenTec based on the “received from longtime friend” of information about its impending acquisition by Apple. Within achieved Alaryngeal agreement to admit or to deny their own guilt, the trader will not.
Information on joining AuthenTec the composition of Apple became known to the Swiss before it was announced publicly. Inside allowed the trader in advance to buy shares of AuthenTec. After the takeover officially announced, the value of securities AuthenTec increased by 60%, and their subsequent sale brought the Swiss more than $1.8 million
Financial offences committed by a foreign national, usually do not fall under the jurisdiction of the American authorities. However, in the case of Helmut Iheringia SEC was granted the right to initiate an investigation due to the fact that parties to suspect trades was a us company.
Company AuthenTec was acquired by Apple in 2012. The amount of the transaction amounted to $356 million Technology company were later used IT giant when creating a fingerprint scanner for iPhone and iPad.