Leonteq ordered to disgorge 9.3 mln francs in profit by Swiss regulator

Leonteq AG

12/12/2024 06:03

Dec 12 (Reuters) - Leonteq has been ordered to disgorge
profits worth 9.3 million Swiss francs ($10.52 million),
Switzerland's financial regulator said on Thursday, following a
probe that found the investment services provider breached risk
management obligations.
    The regulator, FINMA, said it would appoint an audit
mandatary to monitor the correct implementation of measures
imposed to ensure compliance with the law is restored.
    The decision is not yet legally binding, according to a
statement from the agency.

($1 = 0.8838 Swiss francs)

 (Reporting by Rachel More
Editing by Dave Graham)
 ((rachel.more@thomsonreuters.com;))