Soros loses insider trading appeal

Billionaire investor George Soros has lost his appeal to have a 2002 conviction for insider trading of Société Générale shares thrown out, the Telegraph reports.

81-year old Soros was fined €2.2m euros (£1.9m) in 2002 for trading insider information in the French bank. The appeal was put to the European Court of Human Rights, who ruled against Soros after a lengthy nine-year battle to have the conviction overturned. He argued trading regulations were too ambiguous, but failed to convince the court. The court said Soros was a "famous institutional investor, well-known to the business community" and "could not have been unaware that his decision to invest in shares in [Société Générale] entailed the risk that he might be committing the offenc...