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Swiss watchdog finds Blackstone Resources manipulated markets -Breaking


© Reuters. FILE PHOTO – The Swiss Financial Market Supervisory Authority FINMA logo is visible outside of their headquarters in Bern (Switzerland), April 5, 2016. REUTERS/Ruben Sprich

ZURICH (Reuters). The Swiss Financial Market Supervisory Authority has found violations of the market conduct rules of Blackstone Resources AG (NYSE:) and one of its directors. This was announced Tuesday by the watchdog.

“It found market manipulation and violations of disclosure obligations,” it said in a statement, adding that Blackstone Resources and one of its directors had inadmissibly influenced the company’s share price repeatedly since its listing. The decision of FINMA was subject to appeal.