Wednesday, October 4, 2000
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Two French market watchdog staff detained for insider trading 

AGENCE FRANCE PRESSE  
Paris: Two former employees of the French stock exchange authority COB were in police custody Tuesday in connection with an investigation into insider trading by staff at the market watchdog, a source close to the case said. Ould Amar Yahya, a former head of the COB's market surveillance department, and Nathalie Law Ye, a former employee, have been questioned since Monday by police from the financial brigade, the source said. Law Ye's brother, Francois, had also been detained, the source said.

Suspended in mid-May and then dismissed, the two former Commission des Operations de Bourse (COB) staff members are suspected of revealing or using confidential information. The Commission is charged with tracking infractions of market trading regulations.

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