Saturday, December 10, 2016
Joined Nov 11, 2007
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Soros Insider-Trade Appeal Rejected by Human Rights Court

Heather Smith

Billionaire investor George Soros lost a challenge to his 2002 insider-trading conviction, with the European Court of Human Rights’s Grand Chamber refusing to review whether France had violated his rights.

The court declined to hear Soros’s appeal it said in a statement today, without providing any reasoning. Soros, 81, was convicted by Paris courts in 2002 for using inside information about Societe Generale SA (GLE) in his trading. He argued that French market regulations weren’t clear enough to hold him responsible.

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