Thursday September 26 2024
News Source: Global Disclosures
Focus: Shareholder Disclosure Sanctions
Type: General
Country: Germany
On August 20th, 2024, BaFin announced imposed a significant fine of EUR 1,600,000 on NBSH Acquisition LLC for violations of Section 33 Paragraph 1 Sentence 1 of the Securities Trading Act (WpHG). This penalty serves as a crucial reminder of the importance of adhering to regulatory requirements in the financial sector.