An employee of the Paris-based hedge fund Syquant Capital was suspected of providing insider information to his relatives to profit from trading stocks of companies such as ArcelorMittal and Alstom before the release of market-affecting announcements. According to a ruling earlier this month, last September, investigators from the French securities regulator raided the financier's home and scanned his laptop and three iPhones as well as his Instagram and Facebook accounts for evidence. Although the suspected improper gains that triggered the search were not significant, the regularity and number of stocks investigated (up to 22 different companies) were unusual. The man's identity was not disclosed, and it is unclear whether he is still employed by Syquant. The company's website shows that the fund was founded in 2005, manages 3.1 billion euros ($3.4 billion), and specializes in "event-driven investments."