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Announcement: FMA imposes sanction against a retail investor for a breach against insider trading rules

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The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a total fine of EUR 7,650 against a retail investor for a breach of the ban on insider trading pursuant to Article 154 para. 1 no. 1 of the Stock Exchange Act 2018 (BörseG 2018; Börsegesetz 2018), in conjunction with Article 14 lit. a of Regulation (EU) No. 596/2014 (MAR; Market Abuse Regulation). The retail investor made use of insider information in relation to a stock market-listed security and through knowledge of this information saw fit to sell shares for a total amount of EUR 7,500. In addition to the fine, the profit of EUR 5,500 that was gained in an illegal manner, was also declared void.

The penal order is final.

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