Morgan Stanley hit with €20m fine for OAT, OLO price manipulation

Jonathan Boyd
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Morgan Stanley hit with €20m fine for OAT, OLO price manipulation

The Enforcement Committee of the Autorité des Marchés Financiers (AMF, the French financial markets regulator) has fined Morgan Stanley & Co International Plc €20m for manipulating the price of sovereign bonds and a sovereign bond futures contract. The decision was made on 4 December, and publicly noted on 10 December. The regulator found that the financial group manipulated the price of 14 French government bonds - OATs - and eight Belgian bonds - OLOs - on 16 June 2015, as well as manipu...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.