The Hellenic Capital Market Commission imposed administrative measures and a EUR 30,000 fine on Piraeus Asset Management Mutual AEDAK for breaches involving organizational arrangements for liquidity risk management. It also fined Beta Securities S.A. EUR 12,000 and EKTER S.A. EUR 5,000, bringing the combined fines to EUR 47,000. Beta Securities’ breaches concerned the provision of investment services, investor information requirements and organizational matters. EKTER’s fine arose from noncompliance with IAS 24 and IFRS 11 in its 2024 annual consolidated financial statements and its interim consolidated financial statements for the six months ended June 30, 2024.
2026-09-02Hellenic Capital Market Commission
Hellenic Capital Market Commission imposes EUR 47,000 in fines on three firms over liquidity risk, investment services and financial reporting breaches
The Hellenic Capital Market Commission imposed administrative measures and EUR 47,000 in combined fines on Piraeus Asset Management Mutual AEDAK, Beta Securities and EKTER. The breaches concerned liquidity risk management, investment services and investor information, and compliance with IAS 24 and IFRS 11.