Finma has imposed a significant fine on Leonteq for serious breaches of risk management and governance, leading to a profit warning for 2024. The financial group must now enhance its compliance measures and can only work with regulated foreign distributors, while an auditor will oversee these changes. Despite the violations, Leonteq has cooperated with Finma and has already taken steps to improve its risk management and compliance frameworks.
Leonteq has been fined by FINMA for serious breaches of risk management and warranty obligations, leading to a profit warning for 2024. The Swiss financial group must now work only with regulated foreign distributors and has had CHF 9.3 million in profits confiscated due to violations involving unregulated partners. Despite these issues, Leonteq has committed to enhancing its compliance and risk management processes, with top management acknowledging past weaknesses.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
