Federal Act
on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
(Financial Market Infrastructure Act, FinMIA)

¹ A cus­todi­al sen­tence not ex­ceed­ing three years or a mon­et­ary pen­alty shall be im­posed on any per­son who, with the in­ten­tion of gain­ing a pe­cu­ni­ary ad­vant­age for them­selves or for an­oth­er, sub­stan­tially in­flu­ences the price of se­cur­it­ies ad­mit­ted to trad­ing on a trad­ing ven­ue or DLT trad­ing fa­cil­ity which has its re­gistered of­fice in Switzer­land in that they:⁷⁶

a.

dis­sem­in­ate false or mis­lead­ing in­form­a­tion against their bet­ter know­ledge;

b.

ef­fect ac­quis­i­tions and sales of such se­cur­it­ies dir­ectly or in­dir­ectly for the be­ne­fit of the same per­son or per­sons con­nec­ted for this pur­pose.

² Any per­son who through activ­it­ies set out in para­graph 1 gains a pe­cu­ni­ary ad­vant­age of more than one mil­lion francs shall be li­able to a cus­todi­al sen­tence not ex­ceed­ing five years or a mon­et­ary pen­alty.