Following KNF’s imposition of a fine on Prosper Capital Dom Maklerski SA in March 2023 (eventid=20339) in the amount of PLN 1.200.000 for:
1. failing to adequately assess the suitability of products for a target market,
2. failing to adequately assess the suitability of a product for clients (the questionnaire used did not sufficiently support such assessment),
3. distributing bonds to customers which were not included in the target market for such instruments and should have not been able to purchase the instruments; and
4. failing to supply adequate marketing material addressing the risks involved when investing in bonds of a particular issuer,
the company has filed a request to WSA for reassessment, which has been declined. Therefore, the fine will be imposed as per the annoucement in March 2023 in addition to revoking the authorization of „Prosper Capital Dom Maklerski SA“.
WSA oddalił skargę Prosper Capital DM SA na decyzję KNF
ID
26419
Other Features
assessment
bonds
broker
CDD/ KYC
companies
disclosure
eligibility
investment firms
issuer
marketing
penalties
process
risk
securities
trading
Date Published: 2023-12-20
Regulatory Framework: Markets in Financial Instruments Directive II (MiFID II)
Regulatory Type: information
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