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Swiss authorities ordered bank records linked to...

Swiss authorities ordered bank records linked to the unfolding insider trading scandal in France to be turned over to U.S. investigators who uncovered the affair. The SEC had asked the Swiss Federal Office of Police Affairs to help in the Pechiney-Triangle probe by ordering a suspension of strict banking secrecy rules on accounts at five Swiss banks and two financial services companies. The affair involves allegations that people with confidential, advance information made huge illegal stock market profits when the French state-owned aluminum company Pechiney bought out U.S.-based Triangle Industries last November.


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