10 February 2020 | Enforcement Committee news releases | In its decision of 24 January 2020, the Enforcement Committee fined BRED Banque Populaire €500,000 for breaching several of its professional obligations under the European Market Infrastructure Regulation (EMIR) applicable to OTC derivative transaction... The Committee found BRED Banque Populaire guilty of three sets of infringements for events that took place between November 2015 and June 2017, in particular during the first half of 2017. … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … (EMIR) applicable to OTC derivative transaction... … Sanctions & settlements … |
13 January 2020 | Enforcement Committee news releases | The AMF Enforcement Committee fines Prologue for failing to comply with the obligation to draw up a prospectus and Le Quotidien de Paris Editions In its decision of 31 December 2019, the Enforcement Committee fined Prologue €150,000 and Le Quotidien de Paris Editions €100,000. However, it cleared Mr. Nicolas Miguet, accused of failing to disclose the breach of shareholding thresholds. … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … … Read more … SAN-2020-01 - Décision de la Commission des sanctions du 31 décembre 2019 à l'égard des sociétés Prologue … and Le Quotidien de Paris Editions … Sanctions & settlements … |
26 December 2019 | Enforcement Committee news releases | The AMF Enforcement Committee fines a management company and its managers for failing to comply with their professional obligations In its decision of 20 December 2019, the Enforcement Committee fined GSD Gestion €50,000 and issued a reprimand to the company for breaches of its obligations relating to the management of conflicts of interest and information provided to its clients. The Enforcement Committee also issued a five-year ban to Jacques Gautier on performing… … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … failing to comply with their professional obligations … Sanctions & settlements … |
16 December 2019 | Enforcement Committee news releases | The AMF Enforcement Committee fines Bloomberg LP for dissemination of false information In its decision of 11 December 2019, the Enforcement Committee fined Bloomberg LP €5 million for disseminating information that it ought to have known to be false, and which was likely to secure Vinci's share price at an abnormal or artificial level. … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … … Read more … SAN-2019-17 - Décision de la Commission des sanctions du 11 décembre 2019 à l'égard de la société … LP for dissemination of false information … Sanctions & settlements … |
10 December 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines Morgan Stanley & Co International Plc for manipulating the price of sovereign bonds and a sovereign bond futures contract In its decision of 4 December 2019, the Enforcement Committee imposed a fine of €20 million on Morgan Stanley & Co International plc for manipulating the price of 14 French government bonds (OAT) and 8 Belgian bonds (OLO) on 16 June 2015, and also manipulating the price of an OAT futures contract. … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … of sovereign bonds and a sovereign bond futures contract … Sanctions & settlements … |
25 November 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines an investment management company and its chief executive officer for breaching their professional obligations, as well as three companies of the same group for obstructing an AMF au... In its decision of 19 November 2019, the Enforcement Committee imposed fines of €300,000 each on Novaxia Investissement and Joachim Azan, its chief executive officer at the time of the facts, and a warning against Mr. Azan. It also fined Novaxia Développement, Novaxia Gestion and Novaxia €50,000, €10,000 and €20,000 respectively for obstructing… … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … … Read more … SAN-2019-15 - Décision de la Commission des sanctions du 19 novembre 2019 à l'égard des sociétés Novaxia … the same group for obstructing an AMF au... … Sanctions & settlements … |
21 November 2019 | Article | Impose Sanctions The AMF Enforcement Committee exercises its power to impose sanctions. How does the sanction procedure work? Who can be sanctioned? … Impose Sanctions Sanction The law defines the procedure, the persons who may be sanctioned, the nature of sanctions and the maximum fines. It also defines the public … issuers … Impose Sanctions … AMF activity … Sanctions & settlements … Institutional … |
04 November 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines a financial investment advisor for breaching its professional obligations In its decision of 28 October 2019, the Enforcement Committee handed down a fine of €25,000 to Financière Henry IV Société Nouvelle, a financial investment advisor, for failing to carry out the necessary checks prior to the marketing of a Luxembourg alternative investment fund (AIF) that was not authorised in France. It also issued a warning to… … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … advisor for breaching its professional obligations … Sanctions & settlements … |
07 October 2019 | Enforcement Committee news releases | The AMF Enforcement Committee fines a biotechnology company and its chairman for breaching the obligation to disclose inside information as soon as possible In its decision of 1 October 2019, the Enforcement Committee imposed on Biophytis and its chairman, Stanislas Veillet, penalties amounting to, respectively, €100,000 and €20,000 for breaching their obligation to disclose inside information to the market as soon as possible. This information concerned a significant delay in the launch of phase 2… … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … to disclose inside information as soon as possible … Sanctions & settlements … |
30 September 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines Natixis Investment Managers International and Natixis Asset Management Finance for breaching their professional obligations In its decision of 25 September 2019, the Committee fined the asset management company Natixis Investment Managers International €2,000,000 for breaches relating to the information provided to investors as well as to its management of conflicts of interest. The Committee also fined Natixis Asset Management Finance €1,000,000 for failing to comply… … has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene … Finance for breaching their professional obligations … Sanctions & settlements … |