Banco Santander Employee Charged With Insider Trading… Again

Mark Melin

Published onAugust 13, 2015

Updated on May 13, 2021

Former Banco Santander employee Cedric Cañas Maillard, an executive assistant to Banco Santander Chief Executive Alfredo Sáenz, has been charged with insider trading today by the Securities and Exchange Commission.

SEC discovered additional accounts Maillard used to trade based on information he received while at Banco Santander

This is the second time the SEC has charged the former assistant to the Madrid-based bank’s CEO. The SEC previously charged Cañas with committing insider trading but in recent weeks discovered additional infractions. After Cañas settled the prior case, SEC investigators continued to investigate other suspicious...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Banco Santander Employee Charged With Insider Trading… Again

SEC discovered additional accounts Maillard used to trade based on information he received while at Banco Santander

Login required to continue reading.

Get Your Business News