CMF Sanctions A&C Investments, Linked to Cristian Araya and Other Shareholders for “Fiction Fees”
3 Articles
3 Articles
The regulator accuses them of infractions to articles 52, first paragraph and 53, first paragraph, both of Law N°18,045 of Mercado Valores, this “for making fictitious quotations in order to artificially vary prices in 34,038 transactions with shares”.
The Commission for the Financial Market (CMF) decided to apply a fine of 25,000 UF to A&C SpA Advisorys and Investments, after determining that the company committed violations of articles 52 and 53 of the Securities Market Law through transactions aimed at artificially altering the prices of shares traded on the stock exchange [...] The CMF entry fined $1 billion on signature for making fictitious quotes and manipulation of prices on the stock …
The Commission for the Financial Market sanctioned a firm for using fictitious orders to artificially move prices on the Santiago Stock Exchange.
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