in this issue
People & Business :: People/Executives
Chile's financial regulator fines SQM CEO and 7 others a combined $163 million for illegal share trading
3:56 PM MDT | September 3, 2014 | Francinia Protti-Alvarez
Chile's financial regulator SVS (Santiago) has levied a combined $163-million fine on eight individuals and the country's largest brokerage firm, Larrain Vial (Santiago), for their involvement in the illegal trading of Sociedad Química Minera de Chile (SQM; Santigo) shares, SVS says. SQM is the world's largest producer of iodine and lithium and a maker of potash. Julio Ponce Lerou, the CEO of SQM and among the individuals fined, has received the heftiest penalty, about $70 million, the regulator says. Lerou's legal team is reviewing the case and expects...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee