Free Republic 2nd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $79,845
98%  
Woo hoo!! And we're now over 98%!! Thank you all very much!! God bless.

Keyword: georgesosor

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  • Record fine for Soros Fund over Hungarian transactions

    03/30/2009 8:34:51 AM PDT · by AJMCQ · 18 replies · 967+ views
    Agence France-Presse ^ | 3/27/2009 | Uncredited
    Hungary's financial supervisory watchdog announced Friday it had slapped a 1.6-million-euro fine on an investment fund founded by US billionaire George Soros, for manipulating the market. The PSzAF said it had fined Soros Fund Management LLC for transactions on the Budapest stock exchange on October 9 that led to a "significant loss in value" of Hungarian OTP bank stocks, which fell in days from 4,000 forint (13.2 euros, 17.86 dollars) to 2,500 forint. The PSzAF "is imposing a 489-million-forint fine on Soros Fund Management LLC... for violating the rules regarding the illegal manipulation of financial markets," the supervisory authority said...