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Announcement: FMA imposes a sanction against a trader of an Austrian credit institution due to breach of the ban on market manipulation

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The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 5,000.00 against a professional securities trader of an Austrian credit institution in relation to several self-dealings (crossings) in different bonds that are listed on the Vienna Stock Exchange. The trader has caused market manipulation negligently in five cases by fictitious transactions by placing corresponding buying and selling orders that caused a mutual execution of its orders. The sanction was issued by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtbehördengesetz) and therefore is final.

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