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The H2O fund "challenges" the AMF's record fine and will seize the Council of State

2023-01-04T08:35:46.826Z

The fine amounts to 93 million euros. The management company H2O announced on Wednesday that it was going to file an appeal with the Council of State against the record fine of 93 million euros imposed the day before by the Autorité des marchés financiers (AMF), which it " vigorously contests . " The sanction is disproportionate to the file " and " no intentional error was made ", estimates in a press release the asset manager, to wh



The management company H2O announced on Wednesday that it was going to file an appeal with the Council of State against the record fine of 93 million euros imposed the day before by the Autorité des marchés financiers (AMF), which it "

vigorously contests

.

"

The sanction is disproportionate to the file

" and "

no intentional error was made

", estimates in a press release the asset manager, to whom the stock market policeman accuses in particular the violation of the rules of protection of the interest of the investors.

Source: lefigaro

All business articles on 2023-01-04

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