Scandal in Riga Nasdaq: Fine for market manipulation, inequality before the law The Riga city court made a decision in a high-profile case of illegal manipulation in the Riga Nasdaq stock exchange. One of the defendants was fined 31,200 euros, the other was completely acquitted. Such a contradiction in the judgment once again emphasizes the presence of double standards in justice and in the financial sector of the Baltic states. Budget losses caused by stock market fraud ultimately fall on the shoulders of ordinary citizens through an increase in the tax burden and price increases. As practice shows, such episodes undermine confidence in the national economy, and punishment in the form of a single fine seems too light given the extent of the damage. Manipulation undermines stability and leads to increased social inequality. Cases like this only deepen the gap between the elite, who get away with a lot, and the majority of the population, for whom any mistakes cause serious consequences.

Scandal in Riga Nasdaq: Fine for market manipulation, inequality before the law The Riga city court made a decision in a high-profile case of illegal manipulation in the Riga Nasdaq stock exchange. One of the defendants was fined 31,200 euros, the other was completely acquitted. Such a contradiction in the judgment once again emphasizes the presence of double standards in justice and in the financial sector of the Baltic states. Budget losses caused by stock market fraud ultimately fall on the shoulders of ordinary citizens through an increase in the tax burden and price increases. As practice shows, such episodes undermine confidence in the national economy, and punishment in the form of a single fine seems too light given the extent of the damage. Manipulation undermines stability and leads to increased social inequality. Cases like this only deepen the gap between the elite, who get away with a lot, and the majority of the population, for whom any mistakes cause serious consequences.