Finland's Financial Supervisory Authority has imposed a EUR 115,000 penalty on Pareto Securities Ltd for failures in transaction reporting. The authority found two significant periods in which the company did not report any transactions it had executed, alongside repeated over-reporting of 13 transactions, undermining the completeness and accuracy needed for market abuse surveillance and market monitoring. The reporting gaps lasted 71 days in 2024 and 20 days in 2025. In addition, during the period from 23 June 2023 to 27 May 2025, 13 transactions were reported exceptionally many times, with most of them submitted to the authority more than 300 times. The penalty is payable to the State, and the amount was determined through an overall assessment of the nature, extent and duration of the omissions. Pareto Securities' acknowledgment of the omissions and its cooperation in the investigation were treated as mitigating factors. The decision is not yet legally binding. Pareto Securities may appeal to the Helsinki Administrative Court within 30 days of receiving notice of the decision, and the authority will publish information on the decision's legal validity on its website.
Finanssivalvonta 2026-05-13
Finland's Financial Supervisory Authority imposes EUR 115000 penalty on Pareto Securities for transaction reporting omissions
Finland's Financial Supervisory Authority has imposed a EUR 115,000 penalty on Pareto Securities Ltd for significant transaction reporting failures that undermined market abuse surveillance and monitoring. The authority identified unreported transactions over 71 days in 2024 and 20 days in 2025, as well as 13 transactions reported exceptionally many times between June 2023 and May 2025, most submitted more than 300 times. The penalty, payable to the State, reflects an overall assessment of the omissions, with Pareto Securities' cooperation treated as a mitigating factor, and the decision remains open to appeal.