pc
nid 91762
Apr 08, 2026
tojuri@vixio.com
France
Autorité des Marchés Financiers
financial services
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2122 charsFrance's Financial Markets Authority Fines Financial Investment Advisor and Directors for Professional Obligation Breaches
On April 7, 2026, the Autorité des marchés financiers (AMF) Enforcement Committee announced sanctions against Kerdiz Finance et Conseil, a financial investment advisor, and its directors Anthony Finck and Marc Peuvrier. The decision, issued on April 1, 2026, imposed a €300,000 fine on the company and €75,000 fines on each director for breaches of professional obligations committed between January 1, 2020 and June 28, 2023. The sanctions include a five-year temporary ban on exercising financial investment advisor activities.
The Enforcement Committee found that Kerdiz Finance et Conseil falsely presented itself as an entity authorised as an investment services provider and inaccurately claimed to have obtained AMF authorisation to market Vivat Multitalent securities. The company failed to adequately identify and manage conflicts of interest relating to its commercial and ownership ties with the Vivat Multitalent group. It did not implement required product governance procedures to protect investors and failed to collect necessary information about distributed products. The committee also determined that Kerdiz Finance et Conseil marketed securities issued by Multitalent AG, Multitalent II AG, Multitalent III AG, and Multitalent Investment GmbH without verifying that asset management companies and depositaries had been appointed, and marketed securities whose distribution in France was prohibited. Additionally, the company conducted direct marketing for the Guyane Agricole offer without appropriate risk disclosures and failed to fulfil anti-money laundering and counter-terrorism financing obligations.
The Enforcement Committee attributed all breaches to both directors, except those not notified to Finck. An appeal may be lodged against this decision.
REFERENCE:
Autorité des marchés financiers. "The AMF Enforcement Committee fines a financial investment advisor and its directors for breaches of their professional obligations." April 7, 2026. https://www.amf-france.org/en/news-publications/news/amf-enforcement-committee-fines-financial-investment-advisor-and-its-directors-breaches-their
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1289 charsFrance's Financial Markets Authority Fines Financial Investment Advisor and Directors for Professional Obligation Breaches
In a decision dated April 1, 2026, the French Financial Markets Authority (AMF) imposed a €300,000 fine on Kerdiz Finance et Conseil, a financial investment advisor, for breaches of professional obligations committed between January 1, 2020 and June 28, 2023.
The Enforcement Committee of the AMF found that Kerdiz Finance et Conseil falsely presented itself as an entity authorised as an investment services provider and inaccurately claimed to have obtained AMF authorisation to market Vivat Multitalent securities.
The company failed to adequately identify and manage conflicts of interest relating to its commercial and ownership ties with the Vivat Multitalent group. It also failed to implement the only measure provided for in its procedure to manage the conflict of interest relating to its shareholding. The committee also found that the investment firm had failed to fulfil several of its obligations relating to anti-money laundering and combating the financing of terrorism, and had failed to exercise due diligence regarding the inspectors.
The AMF also imposed fines of €75,000 each on two of the firms’ directors, to which it attributed all breaches, and imposed a temporary ban on the exercise of the activity of financial investment advisory for a period of five years.