The College of the Autorité des marchés financiers (AMF) on Friday requested a penalty of 500,000 euros against the national association of financial advisors (Anacofi) Four grievances, described as "serious", were retained by the representative of the AMF Board. Anacofi refutes the first two alleged grievances and ensures that its "accession procedure is not defective" The Sanctions Committee will make its decision within a few weeks.
The AMF has no legal basis to sanction alleged shortcomings in control procedures.