Germany bans Wirecard ‘shorting’ as prosecutors probe FT journalist
Arno Schuetze
Reuters, 18 February 2019
FRANKFURT (Reuters) – Germany’s financial watchdog has banned “short” selling of Wirecard shares due to volatility in the payments firm’s stock following reports in the Financial Times which are now the subject of an investigation by German authorities.
Munich prosecutors said on Monday they were investigating a Financial Times journalist, confirming that they had widened a probe into a possible violation of securities trading rules.
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Dan McCrum is Capital Markets editors at the Financial Times. Dan joined the FT blog Alphaville in September 2013, after working as the Financial Times’s Investment Correspondent in New York where he wrote about hedge funds, asset management and markets. Before that Dan worked briefly at the Investors Chronicle. He also worked four years in Citigroup’s equity research department. Dan is a graduate of Durham University (2001). 