Consob Ricucci fined 10.2 million euros

Sep 26

Posted by flicker as News , RCS , Consob

For "misleading the market by giving credibility and fueling expectations of climbing RCS" Consob sanctions Stefano Ricucci to pay a record fine of 10.2 million and with him jointly and severally liable to the Magisterium, a company Ricucci Garlsson King and the State is obliged to pay 103,291 euro as other administrative sanctions. The decisine of the stock market is motivated by the fact that, according to Consob, the real estate Lazio in 2005 in an attempt to climb the RCS, also publisher of Corriere della Sera, with his work led to unwarranted alterations on the formation of share prices and RCS has seriously undermined the interests of investors and financial market.