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The AFM has imposed a EUR 200,000 fine on the CEO of Schuitema for disclosing inside information in violation of the Financial Markets Supervision Act.
The AFM has imposed a EUR 200,000 fine on the CEO of Schuitema
for disclosing inside information in violation of the Financial
Markets Supervision Act. At the company's corporate day, the
CEO had made various statements which, in the AFM's view,
related to inside information. The AFM dismissed the CEO's
arguments in defence – i.e. that the statements did not
contain concrete information and had been made during a closed
meeting – and rejected the request to reduce the amount
of the fine.
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