(Finance) – Borsa Italiana has ordered against some operators the application of the provision of the monetary penalty for having carried out numerous transactions not settled within the established terms, so-called failed transactions.
The transactions involved shares involved in operations of highly dilutive capital increases by companies listed on Borsa Italiana markets, reads a notice. No details were disclosed about the extent of the fines or the operators involved.
Borsa Italiana underlines “the importance of punctual compliance with the rules of conduct by operators in the interest of the market”.