EU Agency Seeks Unified Rules To Curb Market Abuse

Law360, New York (April 26, 2012, 3:33 PM EDT) -- Sanctions for market abuse and insider trading are inconsistent across the European Economic Area and should be streamlined in the new regulatory regime under consideration, European finance regulators said in a report issued Thursday.

The European Securities and Markets Authority said the report showed the powers of finance authorities varied too much across the 29 member states of the EEA — which consists of the EU plus Norway, Liechtenstein and Iceland — and that it would use the report's results to target areas for improvement as...
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