Swissquote issues statement on SIX’s investigation
Swiss online trading company Swissquote today issued a statement regarding SIX’s investigation. SIX Exchange Regulation AG suspects Swissquote Group Holding Ltd of a potential violation of the rules on ad hoc publicity.
The problems concern the timing of a press release dated June 16, 2021. The announcement was about Swissquote’s half-year results.
Below is the full (unedited) text of Swissquote’s statement:
“Today, SIX Exchange Regulation AG announced that it initiated an investigation against Swissquote Group Holding Ltd due to a potential violation of the rules on ad hoc publicity. Swissquote would like to give additional information at this stage.
On 16 June 2021, Swissquote announced record half-year results via an ad hoc communication. Within that framework, Swissquote informed SIX Exchange Regulation as well as Swiss and international media in a timely manner, so that the market received the relevant information in due time before market opening. However, due to a technical issue, the mailing of the press release to the persons registered via the Swissquote portal was carried out only shortly before 10:00 CET on the said day”.