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Financial Market Authority Terminates Inquiry against CEO of Immofinanz
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Published: August 12, 2011; 22:32 ♦ (Vindobona)

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The head of the Austrian real estate group had been accused of insider trading and delayed shareholder information.

The Austrian Financial Market Authority (FMA) has terminated the administrative penalty inquiry against Eduard Zehetner, CEO of Immofinanz Group. Zehetner was initially accused of insider trading; this was later changed to delayed ad hoc announcement of the 2010/11 share buyback program.
According to a statement released by Immofinanz, the termination was based on § 45 (1) 2 of…
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