Finland to Tighten Insider Trading Fines, Helsingin Sanomat Says

Finland’s government proposed increasing fines on violations of the securities law as part of a legislative overhaul to be approved by parliament as of September, Helsingin Sanomat reported.

Maximum fines on infractions like insider trading are set to become ten-times higher than currently, rising to as much as 100,000 euros for private individuals and as much as 10 million euros ($12.7 million) for companies, the Helsinki-based newspaper said today, citing Finance Ministry official Janne Haeyrynen and Jarmo Parkkinen from the country’s Financial Supervisory Authority.

To contact the reporter on this story: Kasper Viita in Helsinki at kviita1@bloomberg.net

To contact the editor responsible for this story: Christian Wienberg at cwienberg@bloomberg.net

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