Brief: MeglioQuesto Says Italy's OAM Suspends Two Units Until Nov 14

MeglioQuesto SpA

06/11/2023 06:26

Nov 6 (Reuters) - Meglioquesto SpA  1CALL.MI :
    * SAID ON SATURDAY ITALIAN BODY OF FINANCIAL AGENTS AND
CREDIT
BROKERS (OAM) SANCTIONED UNITS MEGLIOQUESTO FIN AND MEGLIOQUESTO
2FIN
    * OAM SUSPENDS ALL ACTIVITIES OF TWO SUBSIDIARIES UNTIL NOV
14
    * OAM SAID SANCTION DUE TO MODEL EVADING SINGLE MANDATE
PROVISION,
LACK OF INTERNAL PROCEDURES TO AVOID POTENTIAL RISKS OF
CONFLICTS
    * COMPANIES FILED AN APPEAL
    * ECONOMIC IMPACT OF SANCTION IS NON-MATERIAL TO GROUP'S FY
FORECASTS

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