Announcement: FMA imposes sanction against a private investor for a breach against the ban on market manipulation
The Austrian Financial Market Authority (FMA) announces that it has imposed a fine of EUR 600.00 (by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG)) against a private investor for a breach against the Market Abuse Regulation (Regulation (EU) 596/2014). By conducting several fictitious transactions (crossings) the private investor has committed market manipulation. The penal order is final.