Up to 15% financial consultants break rules, says watchdog
The financial services watchdog AFM suspects that between 5% and 15% of financial consultants are guilty of serious regulatory breaches.
A spokesman for AFM told ANP news service that the estimate is based on the authority’s own experience and spot checks on the 11,000 licence applications it has received this year as well as over 600 signals from banks and insurance companies.
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