FINMA imposes sanctions for insider trading and market manipulation
(WorldNews Switzerland)

The Swiss Financial Market Supervisory Authority FINMA has concluded enforcement proceedings in two separate cases of market abuse. In the first case it found that a former board member of a number of Swiss industrial concerns had engaged in insider trading. In the second, a securities trading company and three of its traders were found to have been manipulating the market. FINMA has ordered the disgorgement of some million Swiss francs in unlawfully generated profits in both cases and imposed lengthy activity and industry bans on the traders. Since 2013 FINMA has been tasked with investigating and sanctioning insider trading and market manipulation by all market participants in Switzerland....