Sanctions, requests for investigation and cases of securities market inspections

FIN-FSA´s requests for police investigation and administrative sanctions 2010–2020 

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Request for police investigation 3 4 5 4 3 5 2 6 5 2 6
Public reprimand 3 3 3 - - 2 - - - - -
Public warning - - 3 2 2 - 2 5 3 1 1
Administrative fine 1 5 14 6 2 19 2 3 - - 1
Penalty payment - - - - 1 - 3 4 3 5 2

During 2020 FIN-FSA made six requests for police investigation, issued one public warning and imposed one administrative fine and two penalty payments.

FIN-FSA's administrative sanctions and supervisory measures are published here.

Supervision cases related to trading in securities markets and the disclosure obligation processed by the FIN-FSA in 2010–2020

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Total number of cases  70 80 85 100 83 127 104 95 108 150 155
Abuse of inside information 27 34 23 47 36 57 48 58 71 83 105
Market manipulation 11 23 35 28 23 40 31 24 23 50 39
Disclosure obligation: periodic, ongoing, delayed disclosure, disclosure of major holdings, takeover bid, and primary markets 25 16 23 17 18 24 23 12 12 15 9
Other 7 7 4 8 6 6 2 1 2 2 2

Figures 2016–2019 have been corrected on 17 February 2021.

The table above displays supervision cases related to trading in securities markets and the disclosure obligation inspected by the FIN-FSA and concluded during the year concerned. In 2020 there were 155 such cases.

In the corresponding term, the FIN-FSA received 202 STORs from the markets on suspicious transactions or orders, some of which continue to be inspected in 2021.

During 2020 the FIN-FSA sent one request for judicial assistance to foreign securities markets authorities concerning the supervision of securities markets. Respectively, the FIN-FSA received two requests for judicial assistance.