Friday, July 6, 2007

UPDATE 2-Chile's LAN director Pinera fined over share trade

(Reuters) - The regulator said Pinera should not have bought the 3
million LAN shares in July last year while he had information
about LAN's unpublished second-quarter results. But it also
accepted the transaction was not driven by his knowledge.




"At the moment at which he made the purchase, was
aware of details of the company's financial balance, which were
not in the public domain," the regulator said.


Read more at Reuters.com Government Filings News

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