The AFM has imposed a EUR 200,000 fine on the CEO of Schuitema for disclosing inside information in violation of the Financial Markets Supervision Act. At the company's corporate day, the CEO had made various statements which, in the AFM's view, related to inside information. The AFM dismissed the CEO's arguments in defence – i.e. that the statements did not contain concrete information and had been made during a closed meeting – and rejected the request to reduce the amount of the fine.
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