Trader Fined For Alleged Insider Trading On Apple Deal

The Securities and Exchange Commission announced on Monday that Helmut Anscheringer, a Swiss trader, will pay more than $2.8 million to settle insider trading charges. The SEC alleged Anscheringer traded on nonpublic information in advance of the acquisition by Apple Inc of a Florida-based biometrics company. Anscheringer purchased shares and call options in AuthenTec Inc. after learning from a longtime friend related to an AuthenTec executive about the Apple Inc. acquisition. His option trades accounted for nearly all of the volume on those days.