Sanctions, requests for investigation and cases of securities market inspections
FIN-FSA´s requests for police investigation and administrative sanctions 2011–2021
2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
Request for police investigation | 4 | 5 | 4 | 3 | 5 | 2 | 6 | 5 | 2 | 6 | 8 |
Public reprimand* | 3 | 3 | - | - | 2 | - | - | - | - | - | - |
Public warning | - | 3 | 2 | 2 | - | 2 | 5 | 3 | 1 | 1 | 1 |
Administrative fine | 5 | 14 | 6 | 2 | 19 | 2 | 3 | - | - | 1 | - |
Penalty payment | - | - | - | 1 | - | 3 | 4 | 3 | 5 | 2 | 2 |
* Since 1 January 2013, the Financial Supervisory Authority has been unable to issue a public reprimand for an infringement occurring after this date.
During 2021 FIN-FSA made eight requests for police investigation, issued one public warning and imposed two 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 2011–2021
2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
Total number of cases | 80 | 85 | 100 | 83 | 127 | 104 | 95 | 108 | 150 | 155 | 115 |
Abuse of inside information | 34 | 23 | 47 | 36 | 57 | 48 | 58 | 71 | 83 | 105 | 65 |
Market manipulation | 23 | 35 | 28 | 23 | 40 | 31 | 24 | 23 | 50 | 39 | 41 |
Disclosure obligation: periodic, ongoing, delayed disclosure, disclosure of major holdings, takeover bid, and primary markets | 16 | 23 | 17 | 18 | 24 | 23 | 12 | 12 | 15 | 9 | 6 |
Other | 7 | 4 | 8 | 6 | 6 | 2 | 1 | 2 | 2 | 2 | 3 |
Figures 2016–2019 have been corrected on 17 February 2021.
The table below 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 2021 there were 115 such cases.
In the corresponding term, the FIN-FSA received 160 STORs from the markets on suspicious transactions or orders, some of which continue to be inspected in 2022.
During 2021 FIN-FSA sent five requests for judicial assistance to foreign securities markets authorities concerning the supervision of securities markets. Respectively, the FIN-FSA received five requests for judicial assistance.