AFM’s new powers up market controls

The financial services watchdog AFM has begun 104 investigations into possible financial market abuse since new laws giving the AFM more powers were introduced in October 2005. Some 85% of cases involved insider trading; the rest attempts to manipulate the financial markets, the AFM said.

Ten traders were under close scrutiny. Nevertheless, there were ‘no shocking cases which could undermine confidence,’ an AFM spokeswoman told ANP.

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