Former Swiss Bank Chief Sanctioned for Insider Trading
- CEO has had $752,000 confiscated, faces multiyear ban
- Man made illicit trades in his wife’s name for several years
The Swiss national flag hangs from the Federal Palace, Switzerland's parliament building, in Bern.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
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A Swiss bank’s former chief executive officer has been sanctioned by the country’s financial regulator for insider trading in his wife’s name and for what Finma called other “serious breaches of supervisory law.”