{"id":10212,"date":"2009-03-27T00:00:00","date_gmt":"2009-03-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"soros-fund-fined-22-million-by-hungarian-regulator","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/soros-fund-fined-22-million-by-hungarian-regulator.html","title":{"rendered":"Soros Fund Fined $2.2 Million by Hungarian Regulator"},"content":{"rendered":"<p>Bloomberg &#8211; Billionaire investor George Soros&rsquo;s Soros Fund Management LLC was fined 489 million forint ($2.2 million) for attempting to manipulate the share price of OTP Bank Nyrt., Hungary&rsquo;s largest bank, the country&rsquo;s financial regulator said.             <\/p>\n<p>The Soros fund attempted on Oct. 9 to &ldquo;send out false or misleading signals about a security&rsquo;s supply and demand or its share price&rdquo; and short sold OTP shares, the regulator, known as PSZAF, said in a statement late yesterday. The short selling caused the shares to drop 14 percent in the final 30 minutes of trade, the regulator said.     <\/p>\n<p>Short-sellers sell borrowed securities, hoping to profit by repurchasing them later at a lower price and then returning them to the owner. Budapest-based OTP is Hungary&rsquo;s largest lender.     <\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&#038;sid=aj4V5N7TReng\" target=\"_self\">Read Complete Article <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Billionaire investor George Soros&rsquo;s Soros Fund Management LLC was fined 489 million forint ($2.2 million) for attempting to manipulate the share price of OTP Bank Nyrt., Hungary&rsquo;s largest bank, the country&rsquo;s financial regulator said. The Soros fund attempted [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[9699,608,329,5047,1814,4650,9697,4845,1680,196,3081,2411,9698],"class_list":["post-10212","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-30-minutes","tag-billionaire","tag-financial-regulator","tag-george-soros","tag-hungary","tag-investor","tag-otp-bank","tag-share-price","tag-short-sellers","tag-signals","tag-soros-fund-management","tag-soros-fund-management-llc","tag-supply-and-demand"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10212"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10212\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}