Market announcement
Admiral Markets AS
LEI code
549300QE3BN5Y1FE7M41
Size of the entity
Medium undertaking
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
8883
Submission date and time
11.06.2021 10:44:07
Content of announcement in Estonian
Title
Jõustus Tallinna Ringkonnakohtu määrus, mis tühistas Finantsinspektsiooni trahvi Admiral Markets AS suhtes
Message
Jõustus Tallinna Ringkonnakohtu määrus, mis jättis Finantsinspektsiooni kaebuse rahuldamata ja nõustus Maakohtu otsusega tühistada Finantsinspektsiooni 08.02.2021.a trahv Admiral Markets AS suhtes. 8. veebruaril 2021 edastas Finantsinspektsioon (FSA) Admiral Markets AS-ile otsuse, mille kohaselt määrati ettevõttele trahv. Finantsinspektsioonil sõnul ei olnud Admiral Markets AS pärast toornafta hindade märkimisväärset langust aprillis 2020 käitunud täielikult vastavalt väärtpaberituru seadusele. Admiral Markets AS ei nõustunud Finantsinspektsiooni otsusega ning kinnitas, et on alati tegutsenud oma klientide huvides. Ettevõte oli veendunud, et hoolimata Finantsinspektsiooni otsuses avaldatud hinnangutest toimiti vastavalt regulatiivsele õiguslikule raamistikule ebatavaliste asjaolude korral. Sellest tulenevalt esitas Admiral Markets AS 23.02.2021 kaebuse Harju Maakohtusse otsuse vaidlustamiseks. Harju Maakohtu 31.03. 2021 määrusega rahuldati Admiral Markets AS kaebus ning tühistati Finantsinspektsiooni otsus täies ulatuses. Finantsinspektsioon otsustas esitada määruskaebuse Tallinna Ringkonnakohtule. 24.05.2021 otsusega jättis Tallinna Ringkonnakohus Harju Maakohtu 31.03.2021. a määruse muutmata ning Finantsinspektsiooni esindajate määruskaebus rahuldamata. 10.06.2021 jõustus Tallinna Ringkonnakohtu määrus ning Finantsinspektsiooni trahv Admiral Markets AS suhtes tühistati. Admiral Markets AS tegevjuht Sergei Bogatenkov ütles jõustunud kohtumäärust kommenteerides, et nende jaoks on klientide huvid olnud alati esikohal ning ettevõtte oli veendunud, et tegutses olukorra keerukust arvestades parimal võimalikul moel. Lisainfo: Kaia Gil Admiral Markets AS kommunikatsioonijuht +372 53 413 764
Content of announcement in English
Title
The order of the Tallinn Circuit Court, revoking the fine of the Financial Supervision Authority against Admiral Markets AS, entered into the force
Message
The order of the Tallinn Circuit Court entered into the force, which annulled the fine of the Financial Supervision Authority against Admiral Markets AS. On February 8, 2021, Finantsinspektsioon (FSA) forwarded a decision to Admiral Markets AS notifying the company about an imposed fine. According to the regulator Admiral Markets AS had not acted entirely in accordance with the Securities Market Act, following the crash of Future crude oil prices in April 2020. Admiral Markets AS did not agree with the decision of the FSA and confirmed that it had always acted in the best interests of its clients. The company was confident that regardless of the opinions in the FSA announcement, it operated in accordance with the regulatory framework even when faced with unusual circumstances. Taken all that into consideration, Admiral Markets AS filed an appeal to Harju County Court on 23.02.2021 to challenge the FSA's decision. According to the Harju County Court order from 31.03.2021, the complaint of Admiral Markets AS was satisfied and the decision of Finantsinspektsioon (FSA) was annulled in full. The Financial Supervision Authority decided to file an appeal against the ruling to Tallinn Circuit Court. With an order of 24.05.2021, the Tallinn Circuit Court agreed with the order of Harju County Court from 31.03.2021 and decided not to change the order of Harju County Court. On 10 June 2021, the order of the Tallinn Circuit Court entered into force and the fine of the Financial Supervision Authority against Admiral Markets AS was revoked. Commenting on the court order, the CEO of Admiral Markets AS Sergei Bogatenkov said that the interests of their customers have always come first and that the company was convinced that it acted in the best possible way considering the complexity of the situation. Additional information: Kaia Gil Communication manager of Admiral Markets AS [email protected] (https://www.globenewswire.com/Tracker?data=rrh4dFpRcVBj3EJxgZpuj9tqKt4A1nI2521R bOHVE3DT7VL-G1RvkPlB- ppyyIAulrtRgubxmgG3_OoUBAnmkyFPIqDmP3WHLnxWjZu6_18_nWaSVzrbU2M65d81nXgiDK4NiSMLR 6Lgp7kmHiIlCL3cbCrsTaKulA7ru4OdjUbjBCymZ4Hb9SA- 7X5LKjOqFHlMccgaa91QQ9vSs6l3cDPEYktryCvMQjC8KkJT8JykDlNEqFKMKyeBNmdd8b5mYxOHGx9e yW9cDnVvl2qwBQ5scT6pC9RhM-owbmX- 1Iz5_Elj4RJcuUc4D7xBUxTGqKYNhVYgp8HdbxW6gHMe8sOjAzzYgPcs7107zZJ_073IssYj9VNftMgl j5ZwiXM_zQe1NYCgAedEWESefrU2W2ywBQbVvFtkBiKqh0AlXDYtaex2MkuImr0w3ynGuvuE29vwNoRY 84w-W2t2Dv-7s1FXFJbbe7w78OWeh1Ni1zDhS7-7we2aU-PouQ- PxsR0maf8xOIhhP9mRM8loBl6kluHOVvuP4wpH4ud9gQKc- n7NarXIootlTNfrPP6rOaXYdC3Q_GamlHSvFf0fpt-7AtgD66IQ66NEZuNhcGWRNwMo- zbhMZvjm6nj6_HrE1ZGByqok66Mr4aRvEp1YQFRDJgGiBPU79s1qAfp2hV2MI8uGFiEKgxzcTrFloznx 6AiffAmg_Ef2G_n6Fsx1CpdcPIdmM9U0uz05Gbuepm4CZBSM9RXTsQ2sCr_FKjveweWa6V7xZFUn- yh3rVIkdx3QKQ7Agprtvx77IYlzhrTOxeOWERiMgNeVHweuVCyD9tepBBMx47AZZMXlZVkQftg6M_WeH z5pxiLp7xEcBLykOIug6RQzx5ePrROnD4zg0Aa39CI4AHYD9TOCkxxXROQJCGwWdVNoGn6SpPwgjdKIC pmFiZ6ZkOVew69Wjh- z735Nvjacn3GFZ7dgIdm9sM1V02pbmgpmjv0yQr2kYfKSkrRuKSXJgI85BzFnz_99EvCE9S6SNzLe2v3 xnHi0_13eyZJbKAaxC3LWYvm4zxJxMf9oXaJAj0f6xPsYxU7WHxLrW9l38ndn2ElYAAywJERmzPa_RLu ovzxVxEV7L_i6CFU3cRHCyLumYsrCa_MIVkGZMGCvWbhXwXjfBuSndjRuaE1UP8iNjE3IfJ1HK5cXcsT 88jJgjrcWCRK7gr2gEpFbzRUKZ0KTN6CkC9eM6- JOTwXnrcxJBb8rQWqi7ixim4GGoR8NznhK6D2pJ9VOhv) +372 53 413 764