LONDON [Reuters] -- THE French financial markets authority is probing share transactions on the London market involving french motorway operator Autoroutes Paris-Rhin-Rhône [APRR] back in 2010.

The Autorité des Marchés Financiers office has written to the City of London subsidiary of Elliott Management Corp about the US Hedge Fund's possible non-compliance in the share purchase of APRR between May 28, 2010 and June 11, 2010 - Bloomberg reported 4 January 2013.

The Hedge Fund firm reassured investors and regulators that it had maintained a “Chinese Wall” with respect to its personnel directing the APRR stock purchase during the period in question and restated that no material, non-public information was available to employee traders.

Elliott Management Corp told its institutional and high net worth investors, in a filing, that the firm had received a letter of grievance from the French regulator about its share dealing in the toll roads operator.

Click here for full article

Comments