Milan

Italy's securities watchdog nets 9.26 million euros in 2012

Bourse regulator Consob levied sanctions in 159 cases in 2012

Italy's securities watchdog nets 9.26 million euros in 2012

Milan, January 7 - Italy's securities commission collected 9.26 million euros in fines in 2012 and issued penalties in 159 cases last year, the agency said Monday. In its first report of 2013, the Italian Securities and Exchange Commission (Consob) said it looked into 172 cases last year, of which 159 required penalties. Total fines applied reached 9.26 million euros, a sizable increase from the 7.8 million euros in financial penalties assessed in 2011. Consob also announced the resignation of commission member Luca Enriques.

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