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Announcement: FMA imposes sanction against a private investor for a breach against the ban on market manipulation

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The Austrian Market Authority (FMA) announces that it has imposed a fine of 375 Euro (by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of Financial Market Authority Act (FMABG) against a private investor for breaches against the Market Abuse Regulations (Regulation (EU) 596/2014). By conducting several fictitious transactions (crossings) the private investor has committed market manipulation. The penal order is final.