News

19 January 2009
News
Enforcement instruments

FINMA takes steps to protect investors in ACH Securities SA

The turmoil on the financial markets has negatively affected the securities dealer ACH Securities SA, based in Geneva, which has operated in Switzerland since 2002. In response to a liquidity bottleneck, FINMA appointed two investigators. Their task will be to clarify the company’s financial circumstances and safeguard the assets. Until such time as the financial situation is clarified, the securities dealer has been prohibited from making any further payments. The due date has been pushed back to 2 March 2009.

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