Man to pay â¹1.8cr over insider trading charges in Apple deal
A Florida man has agreed to pay â¹1.8 crore to settle insider trading charges against him stemming from Apple's takeover of mobile security company AuthenTec. The man, a former IT administrator of AuthenTec, allegedly bought AuthenTec call options after learning non-public information about the deal in early July 2012. Apple announced its takeover of AuthenTec on July 27, 2012.