Financial services watchdog wants more action on insider trading

Financial services regulator AFM has called on the justice ministry to free up more officials to carry out insider trading investigations, the Financieele Dagblad reports on Wednesday.


The recommendation comes in an AFM report into five years of insider trading regulation, the paper says.
In addition, the watchdog says the public prosecution department should publish details of all the out of court settlements it reaches to ‘raise awareness that there is regulation’.
Publicity
Jan Maarten Slagter, chairman of the shareholders lobby group VEB, backs the AFM. ‘Publicity is important for this sort of case,’ he told the paper.
Since insider trading laws were reformed in 2005, the AFM has reported 36 potential cases to the public prosecutor.
‘An investigation was started into most of them,’ a department spokesman told the FD. He was unable to give firm numbers and said the department is forced to make choices because of a shortage of manpower.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation