Several Samsung executives may be involved in insider stock trading
Several Samsung executives are suspected of insider trading, according to the latest investigation of nine officials in the company. The executives work for several major Samsung affiliate companies, and reportedly used insider information to buy up stocks in Cheil Industries before Cheil announced their plans to buy Samsung C&T Corp., which obviously sent the company’s stock way up.
There’s no official ruling just yet, as the investigation is in its preliminary stages and could take up a to a year to finish.
Definitely not a good PR situation for Samsung to deal with.
source: The Wall Street Journal
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