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Announcement: FMA imposes sanction against a retail investor for breaches against insider trading regulations

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The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a total fine of EUR 96,600 against a retail investor for a breach against 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) as well as for a breach against the ban on recommendation of insider transactions pursuant to Article 14 lit. b) MAR. The retail investor used insider information in relation to a stock market-listed security and through knowledge of this information saw fit to purchase shares for a total amount of EUR 100,222. In addition to the fine, the profit of € 9,200 that was gained in an illegal manner, was also declared void and collected accordingly. In addition the retail investor in two cases also made a recommendation to third parties, to buy this stock market-listed security.

The penal order was issued by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz), and is thereby legally final with immediate effect.

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