On 20 April 2023, GE BaFin fined Prime Partners for failure to disclose substantial shareholding.
- GE BaFin fined Prime Partners for violations of German securities trading act (WpHG).
- Prime Partners failed to submit proper notice of substantial shareholding to BaFin.
- This breach of shareholding notice is in violation of section 33, sentence 1 of the WpHG.
- Prime Partners will be fined EUR 150,000, but may appeal the fine if it wishes to.