Small shareholder association boss found guilty of insider trading in retrial

Ljubljana – The Ljubljana Local Court has sentenced Kristjan Verbič, the president of the Pan-Slovenian Association of Small Shareholders (VZMD), to a suspended prison sentence for insider trading in 2007, the newspaper Delo reported. Verbič already got an eight-month suspended sentence in 2017. Verbič was found guilty of insider trading involving the shares of Velana, a maker of textiles, in September 2016, and was to return the EUR 14,000 he reportedly gained through the sale of Velana shares after their price skyrocketed. Verbič bought a significant holding of Velana stock…

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