Verdane sacks imprisoned employee accused of insider trading

Norwegian private equity firm Verdane has investigated the communication between its two imprisoned employees and found evidence of gross violations of stock trading rules, its top executive says.

Bjarne Lie is co-founder and managing partner at Verdane. | Photo: PR / Verdane

by ANNE LOUISE HOUMANN

A senior Verdane employee has been identified as the ringleader of a network of 13 Norwegians charged with insider trading, with more than NOK 10m (EUR 878,521) in total profits.

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Verdane employee identified as main player in insider network
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Two Verdane employees charged with insider trading
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Relatives and acquaintances of Verdane employee charged with insider trading

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Verdane sacks imprisoned employee accused of insider trading

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Verdane employee identified as main player in insider network

Two Verdane employees charged with insider trading

Sign up for our newsletter

Front page now

Real estate fund is doing well despite turbulent beginning: "The stock market is brutally honest"

More than a third of private banking clients consider leaving Danish bank

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Managing director explains why Norway remains excluded from Invesco's portfolio

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Further reading

Verdane employee identified as main player in insider network

Stricter rules prompt Norwegian asset managers to shift funds abroad

Managing director explains why Norway remains excluded from Invesco's portfolio

Danish FSA criticizes sustainable pension products

Eight Nordic managers move up in global top 500 ranking

Relatives and acquaintances of Verdane employee charged with insider trading