The AMF demands a fine of 1.1 million euros against a CIC regional bank

2023-05-12 09:22:36

Breaches of European regulations around financial advice are blamed on the Ile-de-France regional establishment of the CIC bank.

The Autorité des marchés financiers on Friday demanded a fine of 1.1 million euros against the Ile-de-France regional establishment of the bank CIC for breaches of the European regulation MIF 2 around the financial advice.

During a session of the stock market policeman’s sanctions commission, he was notably criticized for shortcomings linked to the formulation of investment advice, erroneous information on costs as well as the failure to detect a mismatch between the offers and the profile. financial customers.

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