Swiss financial regulator takes action against firms over real-estate conflicts
( June 29, 2026, 15:54 GMT | Official Statement) -- MLex Summary: FINMA, Switzerland's financial regulator, on Monday withdrew Swiss Fund Management’s license to manage funds, and rejected BZ Berater Zentrum's application for authorization as an independent portfolio manager. FINMA said it was confiscating millions in illegally generated profits and imposing a multi-year industry ban on an individual. The action follows a probe into alleged conflicts of interest involving the firms connected to real-estate projects abroad.Statement follows....
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