MEPS APPROVE MARKET MANIPULATION JAIL LAW
February 1st, 2014
THE EUROPEAN Parliament has approved a proposed directive that would insist European Union (EU) member states impose minimum four year jail sentences for serious insider dealing and market manipulation offences. The law would also insist on at least two years’ jail for unlawful disclosure of information, aiding and abetting insider traders and market manipulators. The rules, said a parliament note “aim to restore confidence in the EU's financial markets and improve investor protection.” They must also be approved by the EU Council of Ministers to come into ...
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