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Joseph Raad, a Lebanese stock trader who now works in France, had the largest penalty in the history of France’s market (€14m) imposed on him last week, after being accused of using inside information on the launch of a takeover of SNCF Geodis and making more than €6m in profit back in 2008!

Prior moving to France, Joseph was apparently responsible of the dealing room at Banque du Credit Libanais.

You can read more about the story on Al Jadeed and Compliance Alert.

 

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