The supreme constitutional court on Thursday upheld stinging fines that had earlier been slapped on four former senior executives at now-defunct Laiki Bank.
The fines had been imposed on four individuals by the Securities and Exchange Commission (SEC). The SEC deemed them to have broken the rules regarding transparency and public offers.
Specifically, back in April 2014 the market watchdog had determined that four bank execs had misrepresented Laiki’s risk
