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Frankfurt / Main (dpa) - Because of the suspicion of insider trading in papers relating to the insolvent Wirecard AG, the financial supervisory authority Bafin has reported an employee to the Stuttgart public prosecutor.
The securities regulator sold structured products with the underlying Wirecard AG on June 17, 2020, the regulator said on Thursday.
A day later, the former Dax group had granted air bookings of 1.9 billion euros.
The financial supervisory authority discovered the suspicion against the employee according to their own statements as part of a special evaluation.
The employee was immediately released.
The Bafin announced that disciplinary proceedings had been opened against him.
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The supervisory authority recently checked private stock market transactions of their employees in which the Wirecard AG price played a role, for example buying or selling shares in the company.
In addition, Bafin employees were prohibited from speculative financial transactions, i.e. short-term trading in shares, for example.
"We had a compliance system that met the legal requirements, but is no longer up-to-date and is therefore rightly being changed," Bafin boss Felix Hufeld said in an interview.
The former Dax group Wirecard had admitted air bookings of 1.9 billion euros in June and subsequently filed for bankruptcy - according to investigations by the Munich public prosecutor's office, it could total more than three billion euros.
Because this remained undiscovered for years, the Bafin, among other things, has come under fire.
© dpa-infocom, dpa: 210128-99-204671 / 2
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