Sanctions, requests for investigation and cases of securities market inspections

FIN-FSA´s requests for police investigation and administrative sanctions 2013–2023H1

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023H1
Request for police investigation 4 3 5 2 6 5 2 6 8 5 5**
Public reprimand* - - 2 - - - - - - - -
Public warning 2 2 - 2 5 3 1 1 1 2 -
Administrative fine 6 2 19 2 3 - - 1 - 2 1
Penalty payment - 1 - 3 4 3 5 2 2 3 -

* Since 1 January 2013, the Financial Supervisory Authority has been unable to issue a public reprimand for an infringement occurring after this date.
** Figure has been corrected on 27 September 2023.

In the period from 1 January to 30 June 2023, the FIN-FSA made five requests for police investigation and imposed one administrative fine.

FIN-FSA's administrative sanctions and supervisory measures are published here.

Supervision cases related to trading in securities markets and the disclosure obligation processed by the FIN-FSA in 2013–2023H1

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023H1
Total number of cases  100 83 127 104 95 108 150 155 115 127 100
Abuse of inside information 47 36 57 48 58 71 83 105 65 88 81
Market manipulation 28 23 40 31 24 23 50 39 41 21 15
Disclosure obligation: periodic, ongoing, delayed disclosure, disclosure of major holdings, takeover bid, and primary markets 17 18 24 23 12 12 15 9 6 13 4
Other 8 6 6 2 1 2 2 2 3 5 0

Figures 2016–2019 have been corrected on 17 February 2021.

The table above displays supervision cases related to trading in securities markets and the disclosure obligation inspected by the FIN-FSA and concluded during the year concerned. In the period from 1 January to 30 June 2023 there were 100 such cases. 

In the corresponding term, the FIN-FSA received 112 STORs from the markets on suspicious transactions or orders, some of which continue to be inspected in 2023.