Sanctions, requests for investigation and cases of securities market inspections

FIN-FSA´s requests for police investigation and administrative sanctions 2012–2022

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Request for police investigation 5 4 3 5 2 6 5 2 6 8 5
Public reprimand* 3 - - 2 - - - - - - -
Public warning 3 2 2 - 2 5 3 1 1 1 2
Administrative fine 14 6 2 19 2 3 - - 1 - 2
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.

During 2022 the FIN-FSA made xxx requests for police investigation, issued two public warnings, imposed two administrative fines and three penalty payments.

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 2012–2022

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total number of cases  85 100 83 127 104 95 108 150 155 115 127
Abuse of inside information 23 47 36 57 48 58 71 83 105 65 88
Market manipulation 35 28 23 40 31 24 23 50 39 41 21
Disclosure obligation: periodic, ongoing, delayed disclosure, disclosure of major holdings, takeover bid, and primary markets 23 17 18 24 23 12 12 15 9 6 13
Other 4 8 6 6 2 1 2 2 2 3 5

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 2022 there were 127 such cases.

In the corresponding term, the FIN-FSA received 173 STORs from the markets on suspicious transactions or orders, some of which continue to be inspected in 2023.

During 2022 the FIN-FSA sent eight requests for judicial assistance to foreign securities markets authorities concerning the supervision of securities markets. Respectively, the FIN-FSA received one request for judicial assistance.