France Fines Euronext, Virtu for Stock Manipulation in 2009
- Euronext, Virtu each fined 5 million euros by the AMF
- Euronext exchange plans to appeal the AMF's decision
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France’s regulator fined stock-exchange operator Euronext NV and high-speed trading firm Virtu Financial Inc. 5 million euros ($5.4 million) each for market manipulation in 2009.
Virtu was fined for “market manipulation and ignoring Euronext market rules,” while Euronext Paris was penalized for “failing to meet its obligation to operate with neutrality and impartiality,” the Autorité des Marchés Financiers said Tuesday in a statement.