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How the AMF hunts down stock market fraudsters

2021-12-10T19:56:22.322Z


INVESTIGATION - Behind the financial policeman's sanctions hides a technological surveillance ecosystem.


A sanction of 18 million euros pronounced against shareholders of Marie Brizard. One million euros for Stéphane Solere, former manager of Lafarge. And a fine of 500,000 euros for Rémy Pierre, former financial director of the semiconductor manufacturer Soitec. In 2021, these players who gave in to the temptation of insider trading were all caught up by the Autorité des marchés financiers (AMF). They were convicted of disclosing

"inside and confidential information"

, such as financial results and an upcoming takeover bid (takeover bid), or of using it to purchase the securities of listed companies.

The same year, the college of authority (equivalent to the prosecutor) requested a fine of 32 million euros for the asset manager, Amundi.

The authorities accused him of having repeatedly placed, a few years earlier, massive orders to buy shares, then sell, on the Future Euro Stoxx 50 market. In view of the volumes…

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Source: lefigaro

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