A former executive at Wizz Air has been fined for secretly trading more than £4 million worth of shares in the London-listed airline in the run-up to financial results, in the first sanction of its kind by the Financial Conduct Authority.
The City regulator said that Andras Sebok, former chief supply chain officer at Wizz Air, traded company shares when he wasn’t permitted to, and failed to disclose his trades.
It fined him £123,500 after concluding that he “committed the breaches…
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