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Funcom's Ex-CEO Being Investigated For Insider Trading

sjohnson

Posted September 14, 2012 - By Stephen Johnson


The Secret World

More bad news for Funcom, the devoloper of horror MMO The Secret World. The former CEO of Funcom, Trond Aas, now the company's “strategic advisor” and chief strategy officer, is being investigated by Norwegian authorities for possible insider trading concerning The Secret World's stock.

On July 2, Aas left his CEO position which allowed him to sell 1.5 million shares of Funcom stock. He dropped 650,000 shares, which seems to have raised the eyebrows of the Norweigian financial world.

Of course all of this could be totally above board, but the idea of the head of an MMO company dropping a bunch of stock during the launch phase of a massive MMO does seem a bit suspect. We'll see how the investigation comes out.

Source: VG 247

Funcom's Ex-CEO Being Investigated For Insider Trading
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