CFO At Top Dutch HFT Steps Down After Tax Probe

Comstock/Thinkstock

Financial News – By Tim Cave              June 12, 2012

The chief financial officer of IMC, a leading Dutch high-frequency trading firm, is to step down following a tax probe into his private financial affairs, according to a statement released by the company yesterday.

Osi Lilian, a member of IMC’s three-man management board, resigned from his position last week, following an investigation into his tax affairs by Dutch regulator, the Netherlands Authority for the Financial Markets.

The regulator, known as the AFM, began investigations into Lilian last November, after he had received a €6,705 fine from the Dutch tax authorities for failing to disclose a private savings account. He had opened the account while living abroad and closed it in 2007.

To read the full article please click here.

Advertisements
This entry was posted in Articles, Business, Finance, World Economy, World Exchanges and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s