Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
French regulator fines Amundi entities and Tullett Prebon
Fine or penalty
France's AMF fined Amundi Asset Management €25 million, Amundi Intermediation €7 million and Tullett Prebon €5 million after finding they manipulated prices in the Euro Stoxx 50 Futures market. Amundi disputes the market-manipulation claims and appealed the decision; it had reimbursed the client before the decision.
Company response
Refund or compensation — Amundi
Amundi has since reimbursed the client prior to the AMF’s decision.
Denial — Amundi
Amundi recognises the AMF’s ruling has merit, the firm disputes claims of market manipulation and has appealed the decision.
Source excerpt
Amundi has since reimbursed the client prior to the AMF’s decision.
The AMF confirmed it had fined Amundi Asset Management €25 million, its dealing division Amundi Intermediation €7 million and Tullett Prebon €5 million after finding they had manipulated the price on the Euro Stoxx 50 Futures (FESX) market.
The analyst note added that while Amundi recognises the AMF’s ruling has merit, the firm disputes claims of market manipulation and has appealed the decision.