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SEC: Fines of €350k for manipulation of TSH

21/07/2008 15:54
The Securities and Exchange Commission announced on Monday that it imposed administrative fines of €350 thousand for the manipulation of Tsokkos share during the period July – September 2006. The Company’s CEO has been imposed administrative fines of €200 thousand and Miranda Papageorgiou and Stephanos Themistocleous fines of €75 thousand because they acted in agreement with Mr. Tsokkos.

Mr. Tsokkos was imposed a fine of €50 thousand because he acquired shares in April 2007 while he held confidential information for deliberations between the Company and a foreign institutional investor for its possible acquisition.

SEC’s decision taken a week ago and was released by newspaper “Politis” on Saturday.

Today, Tsokkos share remains unchanged at €0.27.