The Dutch regulator, the Netherlands Authority for the Financial Markets (AFM), has imposed a fine of €9,075 on Hamburg-Mannheimer N.V. in Brussels. Hamburg-Mannheimer is a Belgium insurer which has appointed tied agents in the Netherlands. The AFM imposed the fine because the tied agents in some instances did not request information on the client's knowledge and experience, financial situation and investment objectives. In other instances the tied agents did not observe the information they had relating to their clients.
Further information on the fine to Hamburg-Mannheimer, please click here.