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Essay text:
So is the croatian securities market a fertile
ground for different players: from powerful insiders that trade classified
information, to players that fix prices.
Lately, the croatian regulatory agency (HANFA) decided to rectify some of the
market irregularities. New rules of the game resulted with revoking licenses
from brokerage firms and brought substantial disorder among the brokers that
were used to do the business for a while their way.
Most common ways of market abuse were using classified information, price
manipulation, and spread of fake/untrue information.
Using classified information was the most widespread way of getting easy and
quick profits and was used mostly by company's executives (board of directors)...
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