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The European Court on Human Rights rules that individuals found guilty of market abuse cannot be prosecuted twice for the same offence

04 August 2014

On 4 March 2014, the European Court of Human Rights rendered a ground-breaking decision in the Grande Stevens and Others vs. Italy case, which became final on 8 July 2014. This decision, which prohibits States from prosecuting market offenders again once an administrative penalty has already been imposed on account of the same facts, is bound to force Italy and France to change the way they sanction and prosecute market abuses.