Erscheinung:28.01.2021 Press release | 28.01.2021
BaFin files criminal complaint against employee on suspicion of insider trading in Wirecard
On 27 January 2021, BaFin filed a criminal complaint to the public prosecutor’s office in Stuttgart against an employee on suspicion of insider trading. The employee, working in BaFin’s Securities Supervision Sector, had sold structured products with Wirecard AG shares as the underlying on 17 June 2020. On 18 June 2020, Wirecard AG publicly announced that there was still a lack of sufficient audit evidence on the existence of trust account balances totalling EUR 1.9 billion. The suspected case of insider trading was revealed during a special inspection conducted by the supervisory authority. BaFin immediately suspended the employee and initiated disciplinary proceedings.
In mid-October 2020, BaFin introduced stricter compliance rules for the personal securities transactions conducted by its staff members. Speculative financial transactions, i.e. short-term trading with derivative financial instruments or shares, for example, have since been prohibited.
Contact: Dr Sabine Reimer
Head of Communications
Spokeswoman of the President
Phone: +49 (0) 228 4108-3183
E-mail: sabine.reimer@bafin.de
Contact: Anja Schuchhardt
Press Officer Securities Supervision
Phone: +49 (0) 228 4108-3262
E-mail: anja.schuchhardt@bafin.de
