Stock Market News
Swiss watchdog finds Blackstone Resources manipulated markets
2022.04.12 08:50
FILE PHOTO: The logo of Swiss Financial Market Supervisory Authority FINMA is seen outside their headquarters in Bern, Switzerland April 5, 2016. REUTERS/Ruben Sprich
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.
