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Announcement: FMA imposes a sanction against a natural person for unauthorised investment advice in relation to financial instruments

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The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 10,000 against the partner of an issuer pursuant to Article 94 and Art. 3 para. 2 no. 1 of the Securities Supervision Act 2018 (WAG 2018; Wertpapieraufsichtsgesetz 2018) for unauthorised investment advice in relation to financial instruments. Clients were advised to dispose of fixed assets and to invest in financial instruments. The penal order is not final.

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