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Financial Market Authority Terminates Inquiry against CEO of Immofinanz
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Published: August 12, 2011; 22:32 ♦ (Vindobona)
The head of the Austrian real estate group had been accused of insider trading and delayed shareholder information.
Financial Market Authority Terminates Inquiry against CEO of Immofinanz / Picture: © Vindobona.org
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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