France's Financial Markets Authority (AMF) Sanctions Commission imposed total financial penalties of EUR 850,000 and issued warnings against investment services provider Makor Securities Paris and its managing director, Yankel Hassan, for deficiencies in the firm’s market abuse detection arrangements. In its 20 January 2026 decision, the Commission fined Makor Securities Paris EUR 700,000 and Mr Hassan EUR 150,000 after an AMF inspection covering 1 September 2021 to 7 March 2024. It found the firm had not complied with licensing conditions relating to the implementation of an automated market abuse detection system, the full-time employment of a compliance officer for investment services, and the execution of transactions via a broker located in the European Union. The Commission also identified weaknesses in the oversight and control of outsourced compliance services, shortcomings that prevented effective detection of potential market abuse by clients and the reporting of suspicious transactions to the AMF, and failures in controls governing employees’ personal transactions. All breaches by the firm were attributed to Mr Hassan. The decision may be appealed.
France Autorite des marches financiers 2026-01-22
France's Financial Markets Authority Sanctions Commission fines Makor Securities Paris and its head EUR 850,000 for market abuse detection and compliance failures
France's Financial Markets Authority (AMF) Sanctions Commission fined Makor Securities Paris EUR 700,000 and its managing director, Yankel Hassan, EUR 150,000 for deficiencies in market abuse detection and compliance oversight, following an inspection from 1 September 2021 to 7 March 2024. The firm failed to implement an automated detection system, employ a full-time compliance officer, and ensure proper transaction execution and oversight, with all breaches attributed to Mr Hassan. The decision is subject to appeal.