The Administrative Court has annulled a fine of more than €6.4 million imposed by the Cyprus Securities and Exchange Commission (CySEC) on Greek business siblings Ioannis and Amalia Vardinogiannis over allegations of insider trading involving shipping sector changes and shareholding in a listed company.
According to Cypriot daily Politis , the court accepted the appeals lodged by both Ioannis and Amalia Vardinogiannis, cancelling the administrative sanctions issued by CySEC, which
