The sanction Commission of the French financial markets Authority (AMF) has sanctioned a financial investment adviser (CIF) for non-compliance with the regulatory obligations applicable to its status when engaging in unregulated financial advice activities.

This decision highlights that when a CIF provides unregulated financial advice, it shall comply with all the regulatory obligations applicable to its status, as if it was providing an investment service.

Cohen & Gresser’s Muriel Goldberg-Darmon, Guillaume Guérin, and Pierre Wolman explore all implications of this ruling in their latest article published in Finascope.

Publication:
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Related Attorneys:
Muriel Goldberg-Darmon, Guillaume Guérin, Pierre Wolman
Office:
Paris