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A record fine of 93 million euros imposed by the AMF on asset manager H2O and its founders


The financial constable's sanction applies following the blocking of savings funds since August 2020.

The Sanctions Commission of the Autorité des marchés financiers (AMF) on Tuesday imposed a fine of 93 million euros, a record amount, on the asset management company H2O and its two founders for violation of protection rules. of investor interest.

The fine amounts to 75 million euros for H2O to which are added 15 million euros for Bruno Crastes and 3 million euros for Vincent Chailley, in accordance with the requisitions during the public session at the end of November.

The commission underlined “

the damage suffered by investors resulting in particular from the blocking of their savings

” and “

the seriousness of the breaches


More information to come...

Source: lefigaro

All business articles on 2023-01-03

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