Bigger fines for Dutch insider trading
The Dutch government is going to do more to prevent insider trading.
25 October 2008
THE NETHERLANDS - New legislation is to increase fines to double the profit obtained. Current regulations allow the Netherlands Authority for the Financial Markets to impose penalties of up to half a million euros. A prior plan called for the fines to be raised to two million euros. The cabinet stresses that such flat fines have proved insufficient in the face of the huge profits that can result from insider trading. In addition to fines imposed by the financial authorities insider trading can also be tackled by criminal courts.
Radio Netherlands/ Expatica