Violation of capital market regulations due to delayed publication of insider information
AI-generated summary
Bafin monitors compliance with capital market regulations and ad hoc disclosure obligations in Germany.
Volkswagen has to pay a fine of 1.2 million euros for violating capital market regulations.
The car manufacturer violated the market abuse regulation, said the financial regulator Bafin.
The listed company should therefore have immediately informed the entire capital market and supervisory authorities that Volkswagen's forecast for the financial year was significantly above market expectations.
However, Volkswagen only published the insider information in a press release.
The group can lodge an objection against the fine.
The ad hoc rules require that companies immediately publish insider information if it is likely to significantly influence the price of shares or other securities.
This also includes business figures that differ significantly from the expectations of analysts and other market participants.
This is intended to prevent insiders from gaining advantages when trading securities with their advance knowledge.
The fine for violations can be up to 2.5 million euros.
AI outlook — possibilities, not facts
Volkswagen is appealing the fine
Possible · Within weeks

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