Podejrzenie manipulacji w obrocie akcjami MLK Foods Public Company Ltd., Coal Energy SA, Raen SA (obecnie: Grupa Virtus SA)

The alleged conduct spans 32 trading sessions in 2021–2022 and includes wash trades, order patterns creating a false impression of dispersed supply or demand, and orders intended to interact with the same investor’s own orders. For compliance teams, the notice is a reminder that MAR surveillance must detect self-matching, coordinated account behaviour and misleading order-book activity, especially in smaller or less liquid listed names. Firms should review whether current alerts capture order-to-trade ratios, repetitive order placement/cancellation and linked-client trading.

Where suspicious activity is identified, escalate through existing market-abuse procedures and consider a suspicious transaction and order report. Front-office training and documented surveillance rationales will be important if regulators ask how the firm detects wash trades and intent-based manipulation. The announcement does not impose new rules or state a penalty, but it reinforces supervisory focus on market integrity and individual accountability.