Balder’s Head of Finance Sentenced to Prison for Insider Trading

The head of finance at one of Sweden’s biggest publicly listed property firms, Fastighets AB Balder, has been handed a 15-month prison sentence for insider trading of shares, according to court documents seen by Bloomberg News.

The Swedish court also ordered Marcus Hansson and ten other co-defendants to pay back a total of 2.1 million kronor ($214,000) for the series of share trades in Collector AB, a niche bank which in turn is 44.1% owned by Balder.

“The district court has concluded that the defendants, through insiders, have used such insider information to their advantage and thereby made ...