Spain’s market regulator has fined former Barcelona defender Gerard Piqu\u00e9 \u20ac200,000 ($236,000 ) for insider trading. The 2021 trade involved shares of a workplace safety firm bought two days before takeover talks went public.<\/p>\n
Spain’s National Securities Market Commission (CNMV) called the move a “very serious” market abuse offence on Monday. Piqu\u00e9 was sidelined with injury at Barcelona when he placed the order.<\/p>\n
Inside Piqu\u00e9’s Insider Trading Deal <\/p>\n
The Spanish regulator said Piqu\u00e9 bought 104,166 shares in Aspy Global Services, an occupational health company, on January 20, 2021.<\/p>\n
A tip from businessman Francisco Jos\u00e9 El\u00edas Navarro alerted him to an incoming Atrys Health bid. El\u00edas was then a major Aspy shareholder.<\/p>\n
Atrys publicly announced its \u20ac223 million ($263 million) tender offer six days later, pushing Aspy’s stock up roughly 20%.<\/p>\n
Piqu\u00e9 exited the position on January 27, banking an estimated \u20ac50,000 ($59,000) profit. El\u00edas was separately fined \u20ac100,000 ($118,000) for unlawful disclosure.<\/p>\n
Both men retain the right to appeal at Spain’s National High Court. The sanctions echo recent enforcement abroad, including a Thai SEC fine against Bitkub’s chief technology officer.<\/p>\n
Athletes Draw Rising Insider Trading Scrutiny <\/p>\n
Sports figures have increasingly drawn the attention of regulators and prosecutors. Golfer Phil Mickelson repaid roughly $931,000 in 2016 after trading Dean Foods shares on a tip from a gambler.<\/p>\n
Former Tottenham owner Joe Lewis pleaded guilty to insider trading charges in 2024.<\/p>\n
Crypto-linked cases are also climbing. British sprinter CJ Ujah was recently charged in a UK probe into a seed-phrase fraud scheme.<\/p>\n
The case arrived four years after a Tokyo 2020 doping ban derailed his athletics career. Separate lawsuits over the FTX collapse have ensnared athletes including Tom Brady and Stephen Curry.<\/p>\n
Piqu\u00e9’s resolution adds another high-profile name to a widening list of sports stars whose off-field finances draw regulatory action.<\/p>\n
Read the Original story Spain\u2019s CNMV Fines Gerard Piqu\u00e9 4 Times What He Made From Insider Trading Tip<\/a> by Lockridge Okoth at beincrypto.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Spain’s market regulator has fined former Barcelona defender Gerard Piqu\u00e9 \u20ac200,000 ($236,000 ) for insider trading. The 2021…\n","protected":false},"author":2,"featured_media":21571,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[11445,11444,4865,11442,11443,17,11446],"class_list":{"0":"post-21570","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-spain","8":"tag-aspy-global-services","9":"tag-cnmv","10":"tag-gerard-pique","11":"tag-insider-trading","12":"tag-national-securities-market-commission","13":"tag-spain","14":"tag-stephen-curry"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/21570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=21570"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/21570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/21571"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=21570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=21570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=21570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}