| FINMA lifts injunction on Bank am Bellevue |
| 10.01.12 18:22 | |
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Bank am Bellevue welcomed FINMA's decision to lift its injunction barring the bank from offering new clients portfolio management and investment advisory services. In its ruling of March 14, 2011, FINMA issued an injunction in connection with its investigation into the sia Abrasives case that barred Bank am Bellevue from pursuing any new client acquisition activities in the areas of portfolio management and investment advisory. Bank am Bellevue has thoroughly reviewed and revised its operating structures and procedures as well as its control mechanisms within this context. These measures were examined and verified by an independent external auditor. The FINMA has now lifted its injunction with immediate effect. |
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