A former employee of a well-known financial institution has admitted to engaging in insider trading during a trial in Germany. The individual, referred to as G. P., confessed to trading on non-public information for a period of three and a half years.

G. P. acknowledged that he received information from the institution approximately 30 minutes before it was made public and used it for his trading activities. The stocks involved in his trades belonged to prominent companies such as Deutsche Bank AG and Aurubis AG.

This case highlights the ongoing concerns surrounding insider trading practices within major financial institutions.