Leonteq Acknowledges FINMA Ruling and Implements Compliance Measures

On December 12, 2024, Leonteq AG responded to a FINMA ruling requiring a CHF 9.3 million profit disgorgement. The Swiss Financial Market Supervisory Authority (FINMA) identified issues in Leonteq's distributor relationships abroad. In response, Leonteq will work only with regulated distributors and end certain unregulated partnerships.

The FINMA investigation was initiated by disclosures and media allegations. Leonteq cooperated fully and emphasized that many allegations were unfounded, with no evidence of intentional wrongdoing. Over recent years, Leonteq improved internal controls, compliance, and risk management, doubling staff in related departments.

Despite regulatory setbacks, Leonteq reported handling 108,000 client transactions from July to November 2024, with a slight decline in trading results. The firm maintains strong equity and continues to enhance its compliance framework.