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