Reuters – France’s AMF stock market regulator is considering whether to fine the UK arm of U.S. hedge fund Elliott Management €40 million ($55 million) over allegations of insider trading and market manipulation relating to French motorway operator APRR, newspapers reported on Friday.
An Elliott spokesman rejected the accusations, saying they were without merit and not supported by the evidence. He said the hedge fund had presented its case to the AMF enforcement committee earlier in the day.
