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Executing client orders doesn't amount to insider dealing, EU court opinion says

( January 22, 2026, 10:38 GMT | Official Statement) -- MLex Summary: Investment firms that simply execute client orders in the normal course of their duties do not engage in insider dealing solely because they hold inside information about a client’s off-market pricing intentions, EU Court of Justice Advocate General Manuel Campos Sánchez-Bordona has said. In a non-binding opinion, he found that brokers may rebut the presumption of market abuse by showing they acted legitimately, without having to prove that the client did not use inside information. responding to questions to the EU court from Lithuania’s Supreme Administrative Court.Opinion attached (in Spanish). Case reference is C-773/24. ...

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