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Research Upon Implementing Effective Controls Against Abusive Market Practices Within Romanian Investment Firms

Author

Listed:
  • Ioan-Ovidiu SPATACEAN

    () (Universitatea "Petru Maior" din Tirgu-Mures, Str. Nicolae Iorga nr.1, Tirgu-Mures, Mures, 540088, Romania)

  • Anca CERGHIZAN

    (Universitatea "Petru Maior" din Tirgu-Mures, Str. Nicolae Iorga nr.1, Tirgu-Mures, Mures, 540088, Romania)

Abstract

This article presents investment firms, especially brokerage companies, in terms of violations of regulations and legislation related to capital market. The first stage of the research hilights the responsibilities of investment firms from Romania to prevent fraudulent practices and market abuse. In the second study we aim to identify possible deviations of governance structures and how they were punished by F.S.A. The last part presents some important cases of fraud and market manipulations made by investment firms.

Suggested Citation

  • Ioan-Ovidiu SPATACEAN & Anca CERGHIZAN, 2014. "Research Upon Implementing Effective Controls Against Abusive Market Practices Within Romanian Investment Firms," STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, Petru Maior University, Faculty of Economics Law and Administrative Sciences, vol. 1, pages 45-61, December.
  • Handle: RePEc:pmu:oecono:v:1/2014:y:2014:p:45-61
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    More about this item

    Keywords

    investment firm; market abuse; fraudulent practices; internal control; investors; MiFID Directive.;

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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