RESEARCH UPON IMPLEMENTING EFFECTIVE CONTROLS AGAINST ABUSIVE MARKET PRACTICES WITHIN ROMANIAN INVESTMENT FIRMS

Ioan-Ovidiu Spatacean () and Anca Cerghizan
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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

STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, 2014, vol. 1/2014, 45-61

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.

Keywords: investment firm; market abuse; fraudulent practices; internal control; investors; MiFID Directive. (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pmu:oecono:v:1/2014:y:2014:p:45-61

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