The Enforcement Committee of the Autorité des marchés financiers (AMF) has just handed down a heavy penalty to a financial investment advisor ("CIF") for failure to comply with the rules applicable to his status, in connection with the exercise of the unregulated activity of wealth management advice. Legal column by Muriel Goldberg-Darmon, Doctor of Law, partner at Cohen & Gresser, Guillaume Guérin...
Non-regulated activities of FIAs: what are their obligations?
