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Market Chatter: Perella Weinberg Partners London HQ Raided as Part of German Insider Trading Probe

MT Newswires ·  01/28 00:16

11:11 AM EST, 01/27/2023 (MT Newswires) -- Perella Weinberg Partners had its London headquarters searched on Jan. 25 as Frankfurt prosecutors examined an inside trading case, Bloomberg News reported Friday, citing sources familiar with the matter.

German officials are looking into allegations that an employee at the investment bank disclosed information on planned takeovers, allowing other suspects to trade on that information.

Perella has suspended the employee in question, the sources said. The suspects allegedly earned a "two digit million" euro amount through the scheme.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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