Business News

FC Sokrat fined nearly 200 thousand UAH

Written by credit

The financial company have to pay 170 thousand UAH for their actions with securities “of Mykolaiv cement”

The securities Commission found evidence of price manipulation of shares of OJSC “Mykolaiv cement” for 2014 and 2016-2017 on the part of the dealers of CJSC “FC Sokrat” and LLC “FC Sokrat on the stock exchange JSC “Ukrainian exchange”. About it reports a press-Department service.

As a result a limited number of traders transactions with securities of OJSC “Mykolaiv cement” was a rapid growth in their value about 15 times.

When considering the first case it was established that the “FC Sokrat price manipulation of shares of OJSC “Mykolaiv cement” was made in 2014.

Another dealer of CJSC “FC Sokrat” operations with signs of price manipulation of shares of OJSC “Mykolaiv cement” were made in 2014, 2016 and 2017. To the securities of CJSC “FC Sokrat” applied financial sanction in the form of a fine in the amount of 170 thousand UAH.

Help. The Commission sees signs of price manipulation, in cases when a limited number of bidders for its operations significantly affect the value of securities, with the result that it sharply increases or falls in the absence of economic or any other grounds for such growth or decline, including changes of indicators of financial and economic activities of the Issuer.

About the author


Leave a Comment