Business · Markets · 2 hrs ago

Swiss regulator opens market-manipulation case against Haute Capital

Swiss regulator opens market-manipulation case against Haute Capital

Haute Capital Partners is a publicly listed investment company based in Biel, Switzerland.

Switzerland’s financial regulator, Finma, has opened enforcement proceedings against the company and its CEO over suspected market manipulation.

The case follows questions Finma raised in June about possible irregularities in share trading.

Haute Capital said then that it had answered the questions and that no enforcement case had been opened.

The company and its CEO deny wrongdoing, say they acted properly and say they have evidence to support their position.

The shares fell from 160 francs a year ago to 35 francs in early October.

The proceedings are under way, but no violation has been proven.

Sources

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