Apple investor busted on $1.8M insider tip

The Securities and Exchange Commission yesterday announced a Swiss trader has agreed to pay over $2.8 million to settle charges he traded on nonpublic information ahead of a Florida-based biometrics company’s acquisition by Apple Inc.

According to StreetInsider.com, Helmut Anscheringer bought stock and call options in AuthenTec Inc. after learning from a longtime friend related to an executive at the comapny that Apple proposed to buy it.

Anscheringer garnered more than $1.8 million in illicit profits.

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