Swiss watchdog finds Blackstone Resources manipulated markets
Reuters
Published Apr 12, 2022 01:29AM ET
ZURICH (Reuters) - The Swiss Financial Market Supervisory Authority (FINMA) has determined violation of market conduct rules at Blackstone (NYSE:BX) Resources AG and one of its directors, the watchdog said on Tuesday.
"It found market manipulation and violations of disclosure obligations," it said in a statement https://www.finma.ch/en/news/2022/04/20220412-mm-blackstone, adding that Blackstone Resources and one of its directors had inadmissibly influenced the company's share price repeatedly since its listing. FINMA's ruling was still subject to appeal.
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Written By: Reuters
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