Blackstone Resources to challenge Finma's accusations

Posted 20 April, 2022

The Zug-based company recalls that no fine has been imposed on it and that the publication of the financial policeman "before the entry into force of its decision" is proving to be "extremely detrimental to the market".

Blackstone Resources wants to challenge the remonstrances made by Finma in court. The Swiss Financial Market Supervisory Authority noted market manipulation by the Baar-based firm and echoed it on April 12.

Blackstone Resources, active in the sector of metals for batteries, estimated on Wednesday that “the allegations” of Finma “are totally unjustified”. The Zug-based company recalls that no fine has been imposed on it and that the publication of the financial policeman "before the entry into force of its decision" is proving to be "extremely detrimental to the market". It must also “bear the costs of the procedure”.

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20 April, 2022 10:09

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