Afarak Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2019
FIN-FSA fines Afarak Group for disclosure violations
Fine or penalty
Finland's Financial Supervisory Authority fined Afarak Group €1.45 million for violations related to insider trading, including failures to disclose inside information and maintain a designated-insiders list. The authority said the company also failed to meet other obligations under the Market Abuse Regulation and the Securities Market Act.
Source excerpt
Finland's Financial Supervisory Authority (FIN-FSA) has fined the Afarak Group nearly 1.5 million euros for violations related to insider trading.
In the early months of 2018, "the company failed to fulfil a number of other obligations under the Market Abuse Regulation and the Securities Market Act," the financial watchdog said in a statement on Tuesday.