Wolff, Stroll cleared after insider trading probe

Financial authorities have cleared Toto Wolff and Lawrence Stroll amid reports they were under investigation for a recent transaction involving Mercedes and Aston Martin. After Wolff bought into Aston Martin last year with a personal 1 percent stake that is now worth $36 million, Mercedes followed suit by upping its stake to 20 percent. Then, Mercedes-AMG chief Tobias Moers was appointed Aston Martin’s new CEO, with the developments prompting the opening of a financial probe into the affair by BaFin – Germany’s federal financial authority. The Canadian newspaper said the matter had also been passed on to the UK’s financial conduct authority, as Aston Martin’s shares are listed on the London stock exchange.

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