France’s markets watchdog AMF is fining Bloomberg 5 million euros, about $7.6 million dollars, for their reporting on a fake news release in 2016 that led to a plunge in stock prices in France.
The AMF said in a statement that the news organization should have known the information was false, according to multiple outlets.
The AMF took action against Bloomberg over its publishing of a fake statement claiming the construction group Vinci would revise its 2015 and 2016 accounts and fire its chief financial officer without verifying the information, Reuters reports. -- excerpt, rest at link above --
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Mon Dec 23, 2019 10:11 am
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