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Announcement: FMA imposes sanction against a private investor for a breach of the Stock Exchange Act (BörseG)

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The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 3,000.00 against a private investor for a breach of the provisions on the prevention of market abuse (Article 48c of the Stock Exchange Act (BörseG; Börsegesetz)). The private investor has in particular conducted market manipulation in contravention of Article 12 (1) (a) (i) in conjunction with Article 15 of Regulation (EU) No. 596/2014 by conducting fictitious transactions (crossings). The penal order is not final.

Update: 31.10.2017

The penal order is final.