01 August 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines a management company and its senior manager for failing to comply with their professional obligations relating to the management of forestry groups In its decision of 25 July 2019, the Enforcement Committee imposed a fine of €200,000 on Forest Invest and issued a warning to the company and its senior manager for breaches of their obligations relating to the management of forestry groups. … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … relating to the management of forestry groups … Sanctions & settlements … |
08 July 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines an investment services provider and three financial investment advisors for breaching their professional obligations In its decision of 2 July 2019, the Committee issued a reprimand to Invest Securities, an investment services provider (ISP), and fined it €90,000 for failing to carry out the necessary checks prior to the marketing of a British alternative investment fund (AIF) that was not authorised in France. The Committee also fined Mr Carlotta and the… … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … advisors for breaching their professional obligations … Sanctions & settlements … |
04 July 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines a company for breaching its professional obligations as a financial investment advisor, and its chief executive officer In its decision of 1 July 2019, the Committee fined Prado Paradis Patrimoine €50,000 for breaches of several of its professional obligations. It also imposed a fine of €100,000 on its CEO, Solange Dahan, and issued a reprimand to her. … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … investment advisor, and its chief executive officer … Sanctions & settlements … |
03 July 2019 | AMF news release | The AMF obtains the sequestration of Systran SAS shares held by the South Korean company LLsolu - Update of press release dated 18 April 2019 As part of its remit to protect savings invested in financial instruments, the AMF applied for an injunction against LLsolu to oblige it to fulfil the undertakings that it had made to former shareholders of Systran SA in its public cash offer followed by a squeeze-out. … - Update of press release dated 18 April 2019 … Shares … Sanctions & settlements … |
01 July 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines a portfolio asset management company for breaches of its professional obligations In its decision of 25 June 2019, the Enforcement Committee fined Octo Asset Management €70,000 for breaching several of its professional obligations, taking into consideration the many corrective measures implemented by the company after the audit. … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … company for breaches of its professional obligations … Sanctions & settlements … |
18 June 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines a financial investment advisor for failing to comply with its obligations within the framework of its order reception and transmission activity In its decision of 13 June 2019, the Committee fined Infinitis €20,000 for breaching its professional obligations within the framework of its order reception and transmission activity. However, the Committee found that objections pertaining to the provision of a non-guaranteed investment service and to the absence of a procedure for selecting the… … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … of its order reception and transmission activity … Sanctions & settlements … |
23 May 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines Hedios Patrimoine for breaching its professional obligations as a financial investment advisor In its decision of 20 May 2019, the Enforcement Committee declared that it had jurisdiction to examine objections brought against Hedios Patrimoine, issued a warning to the company and imposed a fine of €50,000 for breaching several of its professional obligations. … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … obligations as a financial investment advisor … Sanctions & settlements … |
07 May 2019 | AMF news release | The Autorité des marches financiers publishes its 2018 annual report During the presentation of the AMF's activity report to the press, Robert Ophèle, the Chairman, took the opportunity to discuss the priorities for the next European term from the regulator's perspective. He also reviewed the new responsibilities assigned to the AMF under the PACTE draft law (Action Plan for Business Growth and Transformation). … led to the initiation of sanction proceedings … Settlements and sanctions … 15 settlements approved by the Enforcement … euros, for a total of 7.18 million euros 10 disciplinary sanctions ordered (3 warnings, 1 reprimand, 6 temporary bans … |
29 April 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines Iliad for breach of its disclosure requirements as well as one of its executives, Mr Maxime Lombardini for breaching insider dealing regulations In its decision of 25 April 2019, the Enforcement Committee fined Iliad €100,000 and Mr Maxime Lombardini, chief executive officer of Iliad during the relevant period, for €600,000. It cleared an investment services provider as well as two of its employees at the time of the facts, and a fund manager. … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … Lombardini for breaching insider dealing regulations … Sanctions & settlements … |
25 April 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines a company engaged in a recovery plan for having concealed its difficulties, and its executive corporate officers (and their companies) for breaches of insider dealing regulations In its decision of 17 April 2019, the Committee handed down fines to Montaigne Fashion Group, the company's former Chairman and CEO, Mr Edouard Hubsch, and its former Deputy Chief Executive Officer in charge of Communication, Mr Philippe Gellman, for amounts of €90,000, €250,000 and €180,000 respectively. It also imposed fines on three companies… … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … companies) for breaches of insider dealing regulations … Sanctions & settlements … |