Romania’s financial authority in April 2017 fined NN Pensii RON175,000 for e-mailing its clients to warn about potential political decisions that would affect their savings, such as freezing contributions and even nationalizing private pensions.
It also fined Tintoiu RON100,000 and withdrew her management authorization. Tintoiu contested the decision in court. Tuesday’s ruling may be appealed within 15 days.