Leonteq Faces CHF 9.3 Million Penalty for Regulatory Breaches

Swiss financial watchdog FINMA orders Leonteq to surrender profits and implement stricter measures following serious violations in foreign distribution practices.

Key Takeaways

Leonteq seriously breached regulatory obligations in foreign distribution practices
FINMA ordered Leonteq to surrender CHF 9.3 million in profits
Leonteq must now only work with foreign distributors subject to Swiss-comparable regulation
Investigation began in 2022 following external information and press reports

By The Numbers

CHF 9.3 million

Profit surrender penalty

CHF 20.6 million

Previous year net profit

They Said

"Leonteq had seriously breached its risk management obligations"
— FINMA

"Leonteq regrets the shortcomings identified"
— Leonteq

FINMA Imposes Major Penalty on Leonteq

Regulatory Violations and Investigation

Imposed Measures and Restrictions

Financial Impact and Company Response

Future Implications for Swiss Financial Sector

Sources & References

Swiss fintech Leonteq has profits confiscated after regulatory breach

SWI swissinfo.ch