Market Abuse Fines Soar To €88M In 2019, Watchdog Says
Law360, London (December 21, 2020, 2:22 PM GMT) -- Europe's securities watchdog said on Monday that the total criminal and administrative sanctions levied against companies for breaching market abuse rules soared in 2019 compared with the year before, with financial penalties hitting €88 million ($107 million).
The European Securities and Markets Authority said in its annual report on administrative and criminal sanctions that national watchdogs and other authorities imposed a total of €88 million in fines over 339 administrative and criminal actions under market abuse rules.
That figure is up from €10 million the year before, the watchdog said.
"Despite there being a decrease in the number of administrative sanctions...
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