A natural person subject to an administrative investigation for insider trading has the right to remain silent when his or her answers could point to criminal responsibility, but this right to silence does not justify any failure to cooperate with the competent authorities, the Court of Justice of the European Union ruled on Tuesday 2 February (case C-481/19).
Sentenced to a fine of €300,000 for insider trading by the Italian Stock Exchange Commission (Consob), DB contests the fine of...