Wednesday, April 26, 2017

Cedrus Invest Bank client implicated in insider trading. Bank not named as defendant


The United States' Securities and Exchange Commission (SEC) has filed a legal case against unknown defenders, including a customer of Cedrus Invest Bank, on suspicions of insider trading in call options. The Cedrus client has realized a potential profit of around $527,000, according to SEC.

Contrary to rumors and actual brief by the SEC, The Chairman of Cedrus, Fadi Assali, said that the bank has nothing to do with this issue and will not be affected by it. The deal involves the customer ...

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