Stock exchange watchdog AFM levies fewer fines in 2016
Amsterdam bourse watchdog AFM levied fewer fines for a lower amount last year than it did in 2015. However, the number of warnings it issued increased in 2016, the AFM said in its annual report.
The report shows the body levied 15 fines in 2016 totalling €8.5m, two down on 2015. The four main accountancy firms were hit the hardest for laxity in the monitoring of their clients’ financial results, paying just over €6m in total.
The number of warnings issued by the AFM increased to 650 from 575 in 2015. Many of these were issued to boiler room operations which pressure investors to part with their money.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation