German watchdog warns about emails pushing ASMALLWORLD stock
26/04/2018 14:45
ZURICH, April 26 (Reuters) - German financial watchdog BaFin
warned investors on Thursday about emails recommending the
purchase of shares in Swiss social network operator ASMALLWORLD
ASWN.S , saying they may contain misleading information or
conceal conflicts of interests.
BaFin has started an investigation into suspicion of market
manipulation of the shares, which are listed in Germany as well
as Switzerland. "At the Frankfurt am Main trading venue
(including Xetra), price determination was suspended until
further notice with effect from 3 April 2018," it said.
Shares in Switzerland, which made their debut in March,
were last down 19.7 percent at 17.75 Swiss francs.
(Reporting by Michael Shields, editing by John Revill)
((Michael.Shields@thomsonreuters.com; +41 58 306 7461; Reuters
Messaging: michael.shields.thomsonreuters.com@reuters.net))