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

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The Austrian Financial Market Authority (FMA) announces that it has imposed a fine of EUR 400.00 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 conducting a fictitious transaction the private investor has committed market manipulation (crossing). The penal order is final.