Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe and North America: 756 cases from 32 jurisdictions, each with an official source and checked against that source before publication. Filter by country, area of law and sector. Click a chart to drill down one level.
Click a bar to drill down one level.
Where?
by regionAll jurisdictions
What for?
by action- Fine €48.1m 100 % · 11 cases
- Disgorgement of profits €73,683 0 % · 1 case
Who?
by sectorAll sectors
- Energy and utilities €43.4m 90 % · 2 cases
- Retail and e-commerce €1.72m 4 % · 1 case
- Financial services and insurance €1.01m 2 % · 2 cases
- Manufacturing and mechanical engineering €625,000 1 % · 1 case
- Construction and real estate €429,017 1 % · 1 case
- Telecoms, IT and software €420,000 1 % · 1 case
- Chemicals and pharmaceuticals €288,298 1 % · 1 case
- Public sector €148,191 0 % · 1 case
- Transport, logistics and shipping €147,940 0 % · 1 case
- Media and online platforms €73,683 0 % · 1 case
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q3 2023 | 0 | — |
| Q4 2023 | 0 | — |
| Q1 2024 | 0 | — |
| Q2 2024 | 0 | — |
| Q3 2024 | 2 | €43.4m |
| Q4 2024 | 2 | €756,020 |
| Q1 2025 | 0 | — |
| Q2 2025 | 1 | €1.72m |
| Q3 2025 | 0 | — |
| Q4 2025 | 2 | €427,385 |
| Q1 2026 | 2 | €1.05m |
| Q2 2026 | 2 | €688,298 |
| Q3 2026 | 1 | €148,191 |
12 cases
27 Aug 2024 TOTSA TotalEnergies Trading SATotalEnergies trading subsidiary: attempted manipulation of gasoline futures €43m
The trading company sold physical gasoline below the bids in order to depress the benchmark price and thereby benefit its short positions in EBOB-related futures. Under the settlement, it is paying a civil penalty of 48 million USD.
Monitor physical trading and derivatives positions together, because manipulation often takes place via the benchmark price.
Market manipulation in commodities trading (physical transactions to benefit derivatives positions)
- Authority / court
- U.S. Commodity Futures Trading Commission (CFTC)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Commodity Exchange Act und CFTC-Regulations (versuchte Marktmanipulation)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Energy and utilities
Original amount 48,000,000 USD, converted at the ECB reference rate of 27 Aug 2024.
- CFTC Orders Swiss Energy Trader to Pay $48 Million for Attempted Market Manipulation Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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28 Aug 2026 Insider trading in event contracts: White House teleprompter operator €148,191
Between December 2025 and February 2026, Gabriel Perez, a White House teleprompter operator, used confidential information from presidential speeches to trade event contracts on prediction markets. The U.S. Commodity Futures Trading Commission (CFTC) ordered disgorgement of 107,539.02 USD, a penalty of 65,000 USD and a three-year trading ban.
Insider policies should explicitly also cover bets and event contracts on prediction markets.
Confidentiality and trading bans when accessing non-public information, including for prediction markets
- Authority / court
- U.S. Commodity Futures Trading Commission (CFTC)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Commodity Exchange Act und CFTC-Regulations (Missbrauch vertraulicher Informationen)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Public sector
- Mitigating circumstances
- Substantial reduction for exemplary cooperation under the CFTC's new cooperation policy
Original amount 172,539.02 USD, converted at the ECB reference rate of 28 Aug 2026.
- CFTC Orders Gabriel Perez to Pay $172,000 for Insider Trading of Mention Market Event Contracts Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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13 May 2026 Oma Säästöpankki OyjOma Säästöpankki: 400,000 EUR over late and incomplete insider lists €400,000
The bank failed to draw up insider lists in good time for two pieces of inside information (termination of the core banking project with Cognizant in 2021, merger talks with Liedon Säästöpankki in 2022), did not update them and omitted mandatory information. The Finanssivalvonta (Finnish Financial Supervisory Authority, FIN-FSA) imposed a total fine of 400,000 EUR; the decision was not appealed and is final.
Insider lists must be created from the moment inside information exists – a fixed process with designated responsible persons prevents gaps.
Insider lists and handling of inside information
- Authority / court
- Finanssivalvonta (FIN-FSA)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Verordnung (EU) Nr. 596/2014 (MAR) Art. 18 Abs. 1, 3 und 4; Durchführungsverordnung (EU) 2016/347
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Measures to prevent recurrence and partial admission/cooperation had a mitigating effect.
- Published
- 15 May 2026
- Finanssivalvonta – Oma Säästöpankki Oyj:lle 400 000 euron yhteinen seuraamusmaksu (15.5.2026) Press release of an authority
- Finanssivalvonta – Toimituskirja FIVA/2026/227 vom 13.05.2026 (Oma Säästöpankki Oyj) Decision of an authority
- Finanssivalvonta – Hallinnolliset seuraamukset (Übersicht mit Rechtskraftvermerk) Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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6 Apr 2026 Caroline J. Campbell (Beschäftigte der ImmunityBio, Inc.)ImmunityBio employee sells shares ahead of news of FDA delay €288,298
In May 2023, an employee of the biotech company sold 48,495 shares with knowledge of the non-public information that the FDA would delay approval of the medicine Anktiva; after the announcement, the share price fell by around 55 %. Under the settlement, she is paying 157,066.28 USD in disgorgement, 18,130.97 USD in interest and a civil penalty of 157,066.28 USD.
Trading bans and blackout periods must be known to all employees with access to approval or trial data, not just to the management board.
Insider trading ban for employees, handling of approval information
- Authority / court
- U.S. Securities and Exchange Commission (SEC)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Section 10(b) Securities Exchange Act 1934, Rule 10b-5
- Action
- Fine
- Status of proceedings
- final
- Sector
- Chemicals and pharmaceuticals
Original amount 332,263.53 USD, converted at the ECB reference rate of 2 Apr 2026.
- SEC Files Settled Insider Trading Charges Against California Biotech Employee Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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16 Jan 2026 M. van Wettum (indirekter Direktor einer an NX Filtration N.V. beteiligten Gesellschaft)Marking the close at NX Filtration: 625,000 EUR fine for investor €625,000
On the last trading day of 2023, shortly before the market close, the investor had NX Filtration shares bought in order – according to a recorded telephone call – to raise the closing price from 6.30 to 6.70 EUR, which succeeded. The Dutch Authority for the Financial Markets (AFM) classified this as market manipulation ("marking the close") and imposed a fine of 625,000 EUR.
Influencing share prices on balance sheet dates is market manipulation – broker orders with price targets are recorded and analysed.
Prohibited price support at year-end (marking the close)
- Authority / court
- Autoriteit Financiële Markten (AFM)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Art. 15 MAR
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Manufacturing and mechanical engineering
- Culpability
- intentional
- Published
- 13 Jul 2026
- Boete van €625.000 voor M. van Wettum wegens marktmanipulatie Press release of an authority
- Boetebesluit M. van Wettum (AFM, 16 januari 2026) Decision of an authority
- Actuele stand van zaken – bestuurlijke boete M. van Wettum (AFM) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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7 Jan 2026 Richard Adam und Zafar Khan (ehem. Finanzvorstände der Carillion plc, in Liquidation)Carillion: former finance directors personally penalised for misleading announcements €429,017
The former finance directors Richard Adam and Zafar Khan acted recklessly and were involved in the construction group's breaches of MAR and the Listing Rules: the financial reporting on the UK construction business was inaccurate, and the board was not informed of serious problems. Fines: 232,800 GBP (Adam) and 138,900 GBP (Khan).
Finance directors are personally liable if they fail to escalate known problems to the board and allow embellished figures to be published.
- Authority / court
- Financial Conduct Authority (FCA)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Art. 15 MAR (Marktmanipulation durch falsche Informationen); Listing Rule 1.3.3R; Listing Principle 1; Premium Listing Principle 2
- Action
- Fine
- Status of proceedings
- final
- Sector
- Construction and real estate
- Liability of senior managers
- Richard Adam (finance director until 2016): 232,800 GBP; Zafar Khan (finance director 2017): 138,900 GBP
Original amount 371,700 GBP, converted at the ECB reference rate of 7 Jan 2026.
- FCA fines former finance directors of Carillion plc Press release of an authority
- 2026 fines Enforcement database of an authority
- FCA Final Notice: Richard Adam (7 January 2026) Decision of an authority
- FCA Final Notice: Zafar Khan (7 January 2026) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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19 Dec 2025 Russel Gerrity (Berater; Handel in Chariot Oil & Gas und Eco (Atlantic) Oil and Gas)Oil and gas consultant trades on knowledge of drilling results – insider dealing €353,702
Between 2018 and 2022, a consultant with access to confidential drilling results bought shares in Chariot Oil & Gas and Eco (Atlantic) Oil and Gas ahead of positive announcements and on one occasion sold ahead of a negative one. The FCA imposed 309,843 GBP (128,765 GBP disgorgement, 181,078 GBP penalty); the investigation was triggered by suspicious transaction and order reports (STORs) from a financial firm.
Put external consultants with access to project or exploration data on the insider list and instruct them on trading bans.
Insider dealing ban for external consultants with project access
- Authority / court
- Financial Conduct Authority (FCA)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Art. 14(a) UK MAR
- Action
- Fine
- Status of proceedings
- final
- Sector
- Energy and utilities
- Culpability
- intentional
- Mitigating circumstances
- 30 % discount for settlement at an early stage of the proceedings
- Published
- 16 Jan 2026
Original amount 309,843 GBP, converted at the ECB reference rate of 19 Dec 2025.
- FCA fines oil rig consultant £309,843 for insider dealing Press release of an authority
- 2025 fines Enforcement database of an authority
- FCA Final Notice: Russel Gerrity (19 December 2025) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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24 Oct 2025 Jessica Tam (Handel in Optionen der Score Media and Gaming Inc.)Tip from the VP Finance: insider trading ahead of Score Media takeover €73,683
In 2021, Jessica Tam bought call options on the instructions of an acquaintance, the VP Finance of Score Media and Gaming, ahead of the announcement of the takeover by Penn National Gaming; the profit was around 311,000 USD, and the split was arranged via WhatsApp using code words and settled in cash. Under the settlement: 120,000 CAD disgorgement and a two-year trading ban.
Insider training must make clear that even trading on a tip from one's private circle is prohibited – and that code words and cash payments do not prevent detection.
Passing on inside information (tipping) in one's private circle
- Authority / court
- Capital Markets Tribunal (Ontario) auf Antrag der Ontario Securities Commission
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Securities Act (Ontario), s. 76(1) (Insiderhandel); Sanktionen nach s. 127(1)
- Action
- Disgorgement of profits
- Status of proceedings
- final
- Sector
- Media and online platforms
- Culpability
- intentional
- Mitigating circumstances
- Admission, implication of other participants and undertaking to testify as a witness
- Published
- 4 Nov 2025
Original amount 120,000 CAD, converted at the ECB reference rate of 24 Oct 2025.
- Reasons for Approval of a Settlement: Ontario Securities Commission v Tam Court decision
- Proceeding: Ontario Securities Commission v Tam Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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10 Jun 2025 SMCP SA; European TopSoho S.à r.l.; Dynamic Treasure GroupSMCP: threshold notifications missed, misleading announcement, inside information not protected €1.72m
In connection with the change of control at the fashion group SMCP in 2021/22, the major shareholder European TopSoho (ETS) and Dynamic Treasure Group failed to make threshold notifications; ETS also disseminated a misleading press release. SMCP itself failed to maintain the confidentiality of inside information. Sanctions imposed by the Enforcement Committee of France's financial markets authority (Autorité des marchés financiers, AMF): Chenran Qiu 1 million EUR, ETS 400,000 EUR, DTG 300,000 EUR, SMCP 20,000 EUR.
Issuers must effectively shield inside information even when the conflict originates with the major shareholder.
Ensuring the confidentiality of inside information
- Authority / court
- Autorité des marchés financiers (AMF), Commission des sanctions
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Art. L. 233-7 Code de commerce; Art. 223-14 RG AMF; Art. 12 Abs. 1 lit. c MAR; Art. 2 Abs. 1 DVO (EU) 2016/1055
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Retail and e-commerce
- Liability of senior managers
- Chenran Qiu: 1,000,000 EUR (ETS's infringements attributed to her)
- Décision SAN-2025-05 Decision of an authority
- Décision n° 5 du 10 juin 2025 (PDF) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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26 Nov 2024 András Sebők (ehem. Chief Supply Chain Officer der Wizz Air Holdings plc)Wizz Air: executive trades in closed periods and fails to notify own transactions €147,940
In 2019–2020, the former Chief Supply Chain Officer András Sebők carried out 115 transactions in Wizz Air shares worth more than 4 million GBP, some of them in the 30-day closed periods before the publication of results, and did not notify them within three business days. First FCA penalty against a person discharging managerial responsibilities (PDMR) for dealing in a closed period: 123,500 GBP.
Executives need annual instruction and a pre-clearance procedure for their own share dealings, including closed periods.
Directors' dealings: closed periods and notification obligations of executives
- Authority / court
- Financial Conduct Authority (FCA)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Art. 19 MAR
- Action
- Fine
- Status of proceedings
- final
- Sector
- Transport, logistics and shipping
- Mitigating circumstances
- 30 % discount for settlement
- Liability of senior managers
- András Sebők (former Chief Supply Chain Officer): 123,500 GBP
- Published
- 27 Nov 2024
Original amount 123,500 GBP, converted at the ECB reference rate of 26 Nov 2024.
- FCA fines former airline executive £123,500 Press release of an authority
- Primary Markets enforcement outcomes Enforcement database of an authority
- FCA Final Notice: András Sebők (26 November 2024) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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22 Nov 2024 Banus Port Vagyonkezelő Zrt.Banus Port: 250 million HUF for fictitious trading in 4iG shares €608,080
From September 2023 to May 2024, the asset management company used transactions worth several billion forints to create false signals about the trading volume of 4iG shares (‘painting the tape’). The Magyar Nemzeti Bank (Central Bank of Hungary, MNB) prohibited any repetition, imposed 250 million HUF and filed a criminal complaint.
Transactions that mainly simulate turnover are market manipulation – even without a price target.
- Authority / court
- Magyar Nemzeti Bank (MNB)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Art. 12, 15 MAR (Marktmanipulation), Beschluss H-PJ-III-B-26/2024
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Culpability
- intentional
- Published
- 22 Nov 2024
Original amount 250,000,000 HUF, converted at the ECB reference rate of 22 Nov 2024.
- Banus Port Zrt.: piaci manipuláció, 250 milliós bírság Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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19 Jul 2024 Parrot SAParrot: misleading half-yearly report and insider dealing ahead of a takeover bid €420,000
In its 2018 half-yearly report, the drone manufacturer disseminated misleading information on the absence of impairment indicators for the drone division, on goodwill and on earnings; in addition, the deputy managing director used inside information about a planned takeover bid. Sanctions: Parrot 150,000 EUR, CEO Henri Seydoux 60,000 EUR, Gilles Labossière 210,000 EUR.
Impairment tests for loss-making divisions and trading bans for management are particularly sensitive in a takeover context.
Insider dealing ban for executives in connection with takeover plans
- Authority / court
- Autorité des marchés financiers (AMF), Commission des sanctions
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Art. 12 Abs. 1 lit. c, Art. 15 MAR; Art. 8 und 14 MAR
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Telecoms, IT and software
- Liability of senior managers
- Henri Seydoux (Président-directeur général): 60,000 EUR; Gilles Labossière (directeur général délégué): 210,000 EUR, including for insider dealing
- Décision SAN-2024-07 Decision of an authority
- Décision n° 7 du 19 juillet 2024 (PDF) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link