16 January 2024 | Enforcement Committee news releases | AMF Enforcement Committee fines a financial investment advisor and its director for breach of professional obligations In its decision of 9 January 2024, the Committee imposed a temporary ban of 2 years on each of the respondents, SPI and its director at the time of the events, Mr Vincent Rhodes, from exercising the activity of financial investment advisor. It also imposed a fine of €20,000 on SPI and €10,000 on Mr Rhodes.… advisor and its director for breach of professional obligations … First, the Committee found that, in the … of convertible bonds, SPI had failed to comply with its obligations to draw up documentation in accordance with the … obligations … Sanctions & settlements … Obligations professionnelles … |
22 December 2023 | Enforcement Committee news releases | AMF Enforcement Committee fines a financial investment advisor and its director for breach of professional obligations In its decision of 19 December 2023, the Committee imposed a fine of €15,000 on each of the respondents, Séquence 13 and its director, Jean-Louis Lehmann, and banned them from acting as financial investment advisors for five years.… advisor and its director for breach of professional obligations … The breaches of which Séquence 13 was accused … found that Séquence 13 had breached its professional obligations in the marketing of several financial products, … obligations … Sanctions & settlements … Obligations professionnelles … Investment advice … |
14 December 2023 | Policy | Position - Recommendation DOC-2012-19 … position – Terms and conditions for the implementation of obligations pertaining to accounts reporting to the AMF in … AMF DOC-2007-21 Position-Recommendation - Professional obligations relating to the management of portfolios on … purposes only "Examen pour l'attribution des cartes professionnelles de responsable de la conformité et du … |
08 September 2023 | Enforcement Committee news releases | The AMF Enforcement Committee fines the Association Nationale des Conseillers Financiers-CIF for breaches of its professional obligations In its decision of 5 September 2023, the Enforcement Committee imposed a fine of €250,000 and a warning on the Association Nationale des Conseillers Financiers-CIF (ANACOFI-CIF), an approved professional association of financial investment advisers. It also imposed a fine of €20,000 and a warning on Patrick Galtier, its manager at the time.… Financiers-CIF for breaches of its professional obligations … The Enforcement Committee found that … Financiers-CIF for breaches of its professional obligations … … Financiers-CIF for breaches of its professional obligations … Enforcement Committee news releases … … obligations … Sanctions & settlements … Obligations professionnelles … |
31 July 2023 | Enforcement Committee news releases | The AMF Enforcement Committee fines an asset management company for breaches of its professional obligations In its decision of 26 July 2023, the Enforcement Committee imposed a fine of €200,000 on the asset management company Eres Gestion. Eres Gestion is an asset management company specialising in employee savings, retirement savings and employee shareholding schemes.… asset management company for breaches of its professional obligations … Firstly, the Committee found that the asset … asset management company for breaches of its professional obligations … … ee-fines-asset-management-company-breaches-its-professional-obligations … In its decision of 26 July 2023, the … obligations … Sanctions & settlements … Obligations professionnelles … |
26 May 2023 | Ombudsman’s Blog | All the information communicated by an adviser to a retail investor must be accurate, clear and not misleading Retail investors can ask an authorised investment firm for financial investment advice so as to be guided in their investment decisions, according to their objectives and their investor profile. Unfortunately, the investment information communicated to retail investors may by incorrect. In that case, the retail investor may consider themselves the…… clear and not misleading … Investment advice … Disclosure Obligations … Obligations professionnelles … |
17 February 2023 | Enforcement Committee news releases | The AMF Enforcement Committee fines a financial investment advisor for breaches of its professional obligations In its decision of 15 February 2023, the Enforcement Committee imposed a fine of €120,000 on the financial investment adviser Capexis.… investment advisor for breaches of its professional obligations … The Committee found that Capexis had granted … investment advisor for breaches of its professional obligations … … obligations … Sanctions & settlements … Obligations professionnelles … Investment advice … |
09 August 2021 | Enforcement Committee news releases | The AMF Enforcement Committee fines two Amundi group companies, a brokerage firm and three former employees of these companies for price manipulation and breaches of several professional obligations In its decision of 4 August 2021, the Committee fined Amundi Asset Management, Amundi Intermédiation, Tullett Prebon and three of their former employees, Ludovic Delion, Gregory Saey and Thomas Vignon, between €20,000 and €25 million – totalling over €37 million – and handed down two warnings and two 10-year bans on practising related services.… price manipulation and breaches of several professional obligations … Please note that the French version of this … professional breaches relating to non-compliance with the obligations to act honestly, fairly and professionally, in … obligations … Sanctions & settlements … Obligations professionnelles … |
07 July 2021 | Enforcement Committee news releases | The AMF Enforcement Committee fines an asset management company specialising in real estate for breaches of its professional obligations In its decision of 2 July 2021, the Enforcement Committee imposed a financial penalty of €250,000 on Perial Asset Management.… in real estate for breaches of its professional obligations … The Committee upheld four series of breaches … in real estate for breaches of its professional obligations … … in real estate for breaches of its professional obligations … Enforcement Committee news releases … … obligations … Sanctions & settlements … Obligations professionnelles … |
10 June 2021 | Enforcement Committee news releases | The AMF Enforcement Committee fines an investment service provider for breaches of its professional obligations In its decision of 4 June 2021, the Enforcement Committee imposed a fine of €220,000 on Arkea Direct Bank.… service provider for breaches of its professional obligations … The matter was referred to the Enforcement … service provider for breaches of its professional obligations … … fines-investment-service-provider-breaches-its-professional-obligations … In its decision of 4 June 2021, the Enforcement … obligations … Sanctions & settlements … Obligations professionnelles … |
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02