Posts tagged as: afm

Euronext scraps rules on dividend calls

2 comments / January 22, 2016

Until a decade ago, it was common for market makers to accumulate massive open interest in call options before dividend. The boosted open interest in in-the-money calls was usually created against related entities under the same holding. The idea was to take advantage of retail investors neglecting to early exercise their in-the-money calls before dividend. Having aRead more

Profit 1.900, penalty 50.000

52 comments / February 25, 2014

The Dutch watchdog for financial markets, the AFM, strikes again. Accent Grave has been fined for manipulating the market in the penny stock NedSense in August 2010. Daytrading shop Accent Grave earned EUR 1900 with “pump and dump” trades, and are fined with EUR 50.000. Changing last traded In short, the trader bought 18k of these sharesRead more