Announcement: FMA imposes sanction against a private investor for a breach of the ban on insider trading
The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of € 12,000 against a retail investor for a breach against the ban on insider trading pursuant to Article 154 para. 1 no. 1 BörseG in conjunction with Article 14 lit. a of Regulation (EU) No. 596/2014. The retail investor used insider information in relation to a stock market-listed security and through knowledge of this information saw fit to purchase 1439 shares in this entity at a price of EUR 10.31 per share. In addition to the fine, the profit of € 5,262.40 that was gained in an illegal manner, was also declared void and collected accordingly. The penal order was issued by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b FMABG, and is thereby legally final with immediate effect.