You are here: 

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

Release Date: |

The Austrian Financial Market Authority (FMA) announces that it has imposed a fine of EUR 1,600 against a private investor by means 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)) for a breach against the Market Abuse Regulation (MAR – Regulation (EU) 596/2014). By placing orders to buy on several days, which were then deleted shortly afterwards, the retail investor created false or misleading signals regarding the demand and price for the share, and therefore committed trading-based market manipulation. The penal order is final.

Previous news entry: «