Tuesday, September 8, 2009

Insider information in Icelandic Banks ?

In 2007, member of the public was sold stock in a SPRON,Savings bank in Iceland ,at 55 million kronas.
And very fast the stock price went down ,fast.
The stock was sold ,and no name on who sold him the stock.
The man wanted to know who sold him the stock,after it lost value so fast.
He thought that maybe some of the managers of the bank had sold ,and use insider information.
Today Iceland supreme court ordered that he had the right to know who sold him the stock.
It turned out to be the wife of the Manager of SPRON.

He intends to seek justice and get his money back.

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