Topic Market manipulation ASMALLWORLD AG (ISIN: CH0404880129): BaFin warns of buy recommendations for shares
According to information available to the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin), buy recommendations are currently being issued for shares in ASMALLWORLD AG (ISIN: CH0404880129) via e-mail market letters.
BaFin has evidence indicating that these buy recommendations contain false or misleading information and/or that existing conflicts of interest are wrongfully concealed.
It has initiated an investigation into suspected market manipulation in the share.
In Germany, the company’s shares are included in the regulated unoffi-cial markets of the Frankfurt am Main (including Xetra), Stuttgart, Tradegate and Quotrix stock exchanges. They are also listed on the Zur-ich stock exchange. With effect from 3 April 2018, price determination has been suspended on the Frankfurt am Main trading venue (including Xetra) until further notice.
BaFin therefore recommends all investors to closely examine whether the information provided is reliable and to obtain information about the company in question from other sources prior to buying the shares.
Update (30 April 2018)
On 27 April 2018, ASMALLWORLD AG informed BaFin in writing that the company distanced itself in every way from any form of possible share price manipulation, and that it did not have any business contact nor any other form of business relationship with persons wishing to bring about share price manipulation.