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Soros fined for stock manipulation

fined Hungary Investment Fund and patron of American billionaire George Soros (pictured) for manipulation in the stock market. The financial regulator ordered the country's Soros Fund Management LLC for a month to pay $ 2 million 200 thousand

As the channel 24 , the regulator argues that the actions investfonda on the Budapest Stock Exchange in October last year resulted in a strong bank shares collapse OTP. Only a few days of the securities the largest commercial banks in Hungary, cheaper with more than $ 17 to $ 11.

Sam G. Soros, who was born in Hungary, said that informed the decision of the regulator, but did not participate in illegal transactions. He noted that last year, has retired and has no control over the activities of the Fund.

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