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The Swiss Financial Market Supervisory Authority (Finma) has initiated enforcement proceedings against ten interlinked companies, including Moonshot and luxury apartment landlord Le Bijou, due to suspicions of illegal financial activities without necessary licenses. Finma"s investigation revealed unclear financial situations and a lack of up-to-date accounts for the companies involved. Additionally, the authority ordered the closure of the Supernova restaurant in Bern, citing concerns over the legality of its financing and the absence of a formal rental agreement between the restaurant operator and the property owner.
FINMA is intensifying its crackdown on the investor network Moonshot, apartment broker Le Bijou, and a Bernese restaurant, raising concerns about the proportionality of its actions. The authority seeks expanded powers, including the ability to impose fines and conduct more on-site inspections, following its perceived failures during the Credit Suisse collapse. Critics argue that its aggressive interventions, which have halted operations and led to financial ruin for several companies, highlight the need for stricter oversight of FINMA"s own activities.

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