Wirecard Regulator Pursued Critics After a Probe Found Nothing
- Stock market surveillance unit’s review found no manipulation
- BaFin still pursued criminal complaints against FT journalists
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Germany’s financial regulator pursued criminal complaints over alleged manipulation of Wirecard AG shares even after a review of more than half of the overall trading volume found no clear evidence of wrongdoing.
BaFin issued the complaints against short sellers and Financial Times journalists in April 2019, almost two months after the probe by a surveillance unit at the payment company’s main exchange in Frankfurt. It’s not clear why the regulator chose to pursue the complaints, although it does have access to more trading information.