The Baltic Course

International Internet Magazine. Baltic States news & analytics Tuesday, 21.05.2019, 16:24

200,000 EUR fine for insider dealing for exec of Vilnius-listed dairies

200,000 EUR fine for insider dealing for exec of Vilnius-listed dairies

21.05.2019.

The Supervision Service of the Bank of Lithuania has concluded that Linas Strėlis, member of the board of AB Vilkyškių pieninė and AUGA group, AB, has used inside information to enter into transactions on the acquisition and sale of shares of AB Žemaitijos pienas. In addition to this, he has involved his family members in such unlawful transactions as well. Therefore, Linas Strėlis has violated the prohibition against the use of inside information, set out in the EU Market Abuse Regulation, informed Bank of Lithuania.

Keyword tags: Banks, Financial Services, Legislation, Lithuania


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