The Austrian Financial Market Authority FMA hereby announces that it has imposed a fine of EUR 160,000.00 against BKS Bank AG due to a breach of the ban on market manipulation. BKS Bank AG committed market manipulation by placing orders on a total of three trading days. 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.
Announcement: FMA imposes a sanction against BKS Bank AG due to breach of the ban on market manipulation
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