Pareto Securities is an investment firm subject to transaction reporting obligations under MiFID II/MiFIR, which falls within the Investment Services category, though the update focuses on enforcement rather than product-level activity.
Low confidence — REQUIRES HUMAN REVIEW. The update is primarily an administrative enforcement action on transaction reporting compliance; no specific secondary product category (Equities, Fixed Income, etc.) is clearly identified from the transaction types.
Specialism
The update explicitly states a EUR 115,000 monetary penalty imposed by the FIN-FSA on a named firm for identified regulatory breaches in transaction reporting.
Mandatory inheritance: Financial Penalty is a child of Enforcement, so Enforcement must be raised as the secondary tag.
2026-05-15 08:46:41·tojuri@vixio.com
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The Financial Supervisory Authority (FIN-FSA) has imposed on Pareto Securities Ltd a penalty payment of EUR 115 000 for omissions in transaction reporting.
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TITLE: Finland's Financial Supervisory Authority Imposes EUR 115,000 Penalty on Pareto Securities for Transaction Reporting Omissions
BODY:
On May 13, 2026, the Financial Supervisory Authority (FIN-FSA) imposed a penalty payment of EUR 115,000 on Pareto Securities Ltd for significant omissions in transaction reporting. The investment firm failed to report transactions to the FIN-FSA during two substantial gaps: 71 days in 2024 and 20 days in 2025. Additionally, Pareto Securities reported 13 specific transactions repeatedly during the period from June 23, 2023 to May 27, 2025, with the majority of these transactions reported more than 300 times.
Transaction reporting requirements enable competent authorities to detect and investigate potential market abuse and monitor fair and orderly market functioning. The FIN-FSA determined that supervised entities must provide complete and accurate transaction details to fulfil this supervisory objective. The penalty amount reflected a comprehensive assessment of the omissions' nature, extent, and duration. The FIN-FSA considered Pareto Securities' cooperation and acknowledgment of the breaches as mitigating factors in determining the final penalty amount.
The decision is not yet legally binding. Pareto Securities has the right to appeal to the Helsinki Administrative Court within 30 days of receiving notice of the decision. The FIN-FSA will publish information regarding the decision's legal validity on its website. For further information, contact Armi Taipale, Head of Department, Capital Markets Supervision, or the FIN-FSA Communications team at +358 9 183 5030 (weekdays 09:00–16:00).
Penalty payment of EUR 115 000 to Pareto Securities Ltd for omissions in transaction reporting - 2026 - www.finanssivalvonta.fi Publications and press releases Supervision releases 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 Press releases 2026 2025 2024 2023 2022 2021 News releases 2026 2025 2024 2023 2022 2021 Reporting releases 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 Market newsletter Market Newsletter 1/2026 Market Newsletter 3/2025 Market Newsletter 2/2025 Market Newsletter 1/2025 Market Newsletter 2/2024 Market Newsletter 1/2024 Market newsletter 4/2023 Market newsletter 3/2023 Market Newsletter 2/2023 Market Newsletter 1/2023 Market newsletter 2/2022 Market newsletter 1/2022 Blogs 2026 2025 2024 2023 2020 Annual reports Annual Report 2025 Director General’s review State of financial markets Supervision Management and personnel Board Management Group FIN-FSA Financial Supervisory Authority in brief Summary of FIN-FSA’s activities in 2025 Strategy Appendices Total number of supervised and other fee-paying entities Expenses and funding Set supervision fees Processing fees Annual Report 2024 Director General’s review State of financial markets Supervision Themes Sustainability aspects of the financial sector New supervised entities in AML/CTF supervision Cyber security and scam prevention more important than ever Anniversary of the Single Supervisory Mechanism in banking supervision Governance under scrutiny in the insurance sector Management and personnel Board Management Group FIN-FSA Financial Supervisory Authority in brief Summary of FIN-FSA’s activities in 2024 Strategy Appendices Total number of supervised and other fee-paying entities Expenses and funding Set supervision fees Processing fees Annual Report 2023 Director General’s review State of financial markets Supervision Themes Real estate risks increased as a result of weak economic development and rising interest rates FIN-FSA’s thematic reviews examined the current state of climate and environmental risk management in the banking and insurance sectors Sanctions as part of the FIN-FSA’s supervisory work Proactive and predictable supervision Management and personnel Board Management Group FIN-FSA Financial Supervisory Authority in brief Summary of FIN-FSA’s activities in 2023 Strategy Appendices Total number of supervised and other fee-paying entities Expenses and funding Set supervision fees Processing fees Annual Report 2022 Director General’s review State of financial markets Supervision Themes Geopolitical situation accelerated preparation for cyber-attacks in the financial sector Energy crisis shook the derivatives market Year of uncertainty in the virtual currency markets ECB’s climate stress testing and thematic review: banks must consider the impacts of climate change in their operations and risk management Corporate governance safeguards the supervised entity’s operations, capital adequacy and the security of the client’s money and insured benefits Management and personnel Board Management Group FIN-FSA Financial Supervisory Authority in brief Summary of FIN-FSA’s activities in 2022 Strategy Appendices Total number of supervised and other fee-paying entities Expenses and funding Set supervision fees Processing fees Case management Annual Report 2021 Director General’s review State of financial markets Supervision Themes Crypto assets attract investor interests – risks to be reined in through regulation New investors, new sources of information New tools needed to contain household indebtedness Sustainability issues as part of financial market participants’ risk management and disclosure obligations Management and personnel Board Management Group FIN-FSA Financial Supervisory Authority in brief Summary of FIN-FSA’s activities in 2021 Strategy Appendices Total number of supervised and other fee-paying entities Expenses and funding Set supervision fees Processing fees Case management Annual Report 2020 DG’s review State of financial markets Supervision Themes Fast decisions supported banks’ resilient operation in exceptional circumstances Unemployment funds coped through coronavirus pandemic despite record growth in number of applications and claims expenses Digital finance gaining ground – European Commission strategy to accelerate development Risk-based approach is a cornerstone of anti-money laundering and countering terrorist financing Suspicions of market manipulation and abuse of inside information are detected and investigated increasingly effectively Management and personnel Board Management Group FIN-FSA Financial Supervisory Authority in brief Summary of FIN-FSA’s activities in 2020 Strategy Appendices Total number of supervised and other fee-paying entities Expenses and funding Set supervision fees Processing fees Case management Annual Report 2019 DG’s review State of financial markets Supervision Themes Report on means to prevent excessive household indebtedness Management of disability risk by pension insurance companies Green Deal and the supervisory perspective EU banking legislation to complete the Basel III recommendations in preparation Fund liquidity issues Audit committees' activities were assessed Responsible utilisation of data in the financial sector Management and personnel Board Management Group FIN-FSA Financial Supervisory Authority in brief Strategy Appendices Total number of supervised and other fee-paying entities Expenses and funding Set supervision fees Processing fees Journal Public notices 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 Subscription to electronic publications Subscription to press releases Publications and press releases Publications and press releases Supervision releases 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 Press releases 2026 2025 2024 2023 2022 2021 News releases 2026 2025 2024 2023 2022 2021 Reporting releases 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 Market newsletter Market Newsletter 1/2026 Market Newsletter 3/2025 Market Newsletter 2/2025 Market Newsletter 1/2025 Market Newsletter 2/2024 Market Newsletter 1/2024 Market newsletter 4/2023 Market newsletter 3/2023 Market Newsletter 2/2023 Market Newsletter 1/2023 Market newsletter 2/2022 Market newsletter 1/2022 Blogs 2026 2025 2024 2023 2020 Annual reports Annual Report 2025 Director General’s review State of financial markets Supervision Management and personnel Board Management Group FIN-FSA Financial Supervisory Authority in brief Summary of FIN-FSA’s activities in 2025 Strategy Appendices Total number of supervised and other fee-paying entities Expenses and funding Set supervision fees Processing fees Annual Report 2024 Director General’s review State of financial markets Supervision Themes Sustainability aspects of the financial sector New supervised entities in AML/CTF supervision Cyber security and scam prevention more important than ever Anniversary of the Single Supervisory Mechanism in banking supervision Governance under scrutiny in the insurance sector Management and personnel Board Management Group FIN-FSA Financial Supervisory Authority in brief Summary of FIN-FSA’s activities in 2024 Strategy Appendices Total number of supervised and other fee-paying entities Expenses and funding Set supervision fees Processing fees Annual Report 2023 Director General’s review State of financial markets Supervision Themes Real estate risks increased as a result of weak economic development and rising interest rates FIN-FSA’s thematic reviews examined the current state of climate and environmental risk management in the banking and insurance sectors Sanctions as part of the FIN-FSA’s supervisory work Proactive and predictable supervision Management and personnel Board Management Group FIN-FSA Financial Supervisory Authority in brief Summary of FIN-FSA’s activities in 2023 Strategy Appendices Total number of supervised and other fee-paying entities Expenses and funding Set supervision fees Processing fees Annual Report 2022 Director General’s review State of financial markets Supervision Themes Geopolitical situation accelerated preparation for cyber-attacks in the financial sector Energy crisis shook the derivatives market Year of uncertainty in the virtual currency markets ECB’s climate stress testing and thematic review: banks must consider the impacts of climate change in their operations and risk management Corporate governance safeguards the supervised entity’s operations, capital adequacy and the security of the client’s money and insured benefits Management and personnel Board Management Group FIN-FSA Financial Supervisory Authority in brief Summary of FIN-FSA’s activities in 2022 Strategy Appendices Total number of supervised and other fee-paying entities Expenses and funding Set supervision fees Processing fees Case management Annual Report 2021 Director General’s review State of financial markets Supervision Themes Crypto assets attract investor interests – risks to be reined in through regulation New investors, new sources of information New tools needed to contain household indebtedness Sustainability issues as part of financial market participants’ risk management and disclosure obligations Management and personnel Board Management Group FIN-FSA Financial Supervisory Authority in brief Summary of FIN-FSA’s activities in 2021 Strategy Appendices Total number of supervised and other fee-paying entities Expenses and funding Set supervision fees Processing fees Case management Annual Report 2020 DG’s review State of financial markets Supervision Themes Fast decisions supported banks’ resilient operation in exceptional circumstances Unemployment funds coped through coronavirus pandemic despite record growth in number of applications and claims expenses Digital finance gaining ground – European Commission strategy to accelerate development Risk-based approach is a cornerstone of anti-money laundering and countering terrorist financing Suspicions of market manipulation and abuse of inside information are detected and investigated increasingly effectively Management and personnel Board Management Group FIN-FSA Financial Supervisory Authority in brief Summary of FIN-FSA’s activities in 2020 Strategy Appendices Total number of supervised and other fee-paying entities Expenses and funding Set supervision fees Processing fees Case management Annual Report 2019 DG’s review State of financial markets Supervision Themes Report on means to prevent excessive household indebtedness Management of disability risk by pension insurance companies Green Deal and the supervisory perspective EU banking legislation to complete the Basel III recommendations in preparation Fund liquidity issues Audit committees' activities were assessed Responsible utilisation of data in the financial sector Management and personnel Board Management Group FIN-FSA Financial Supervisory Authority in brief Strategy Appendices Total number of supervised and other fee-paying entities Expenses and funding Set supervision fees Processing fees Journal Public notices 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 Subscription to electronic publications Subscription to press releases Press release 13 May 2026 Penalty payment of EUR 115 000 to Pareto Securities Ltd for omissions in transaction reporting The Financial Supervisory Authority (FIN-FSA) has imposed on Pareto Securities Ltd a penalty payment of EUR 115 000 for omissions in transaction reporting. The company has had two significant gaps in transaction reporting during which the company did not report to the FIN-FSA any transactions it had executed. In 2024, the duration of the reporting gap was 71 days and in 2025, it was 20 days. Moreover, the company reported 13 transactions exceptionally many times in the period 23 June 2023 – 27 May 2025. The majority of these 13 transactions were reported to the FIN-FSA more than 300 times. Transaction reporting is designed to ensure the ability of competent authorities to detect and investigate possible cases of market abuse and to monitor the fair and orderly functioning of markets and the activities carried out by investment firms. The supervision of market abuse requires that supervised entities report complete and accurate details on transactions. A penalty payment, payable to the State, has been imposed on the company for the omissions. The amount of the penalty payment was based on a comprehensive assessment which took account especially of the nature, extent and duration of the omissions. Alongside other factors, the company’s acknowledgment of the omissions, i.e. cooperation with the FIN-FSA in investigating the matter, was taken into consideration as a mitigating factor in determining the amount of the penalty payment. The FIN-FSA's decision is not yet legally binding. The company has the right to appeal the decision to the Helsinki Administrative Court within 30 days of receipt of notice of the decision. Information on the legal validity of the decision will be published on the FIN-FSA website. For further information, please contact Armi Taipale, Head of Department, Capital Markets Supervision. Requests for interviews are coordinated by FIN-FSA Communications, tel. +358 9 183 5030, weekdays 9:00–16:00. Appendix FIN-FSA decision (pdf, in Finnish) See also Transaction reporting Investment service providers, fund management companies, Alternative investment fund managers (AIFMs) Administrative sanctions Supervisory measures