Lazard Banker Among Suspects in German Insider Trading Probe
- Employee is part of firm’s mergers and acquisitions team
- Frankfurt prosecutors’ insider trading probe started in 2019
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A banker at Lazard Ltd.’s Frankfurt office is a suspect in a German criminal probe into alleged insider trading related to company takeovers, according to people familiar with the matter.
The employee is part of the bank’s mergers and acquisitions advisory team with about 30 people and has been suspended from the firm, the people said, asking not to be named because the investigation isn’t public.