Chapter III: Provisions relating to investment services providers, financial investment advisers, providers of equity financing services and equity financing intermediaries

The following are punishable by the penalties laid down in Article 313-1 of the Criminal Code: 1° Any person carrying on the business of financial investment advice as defined in article L. 541-1 without meeting the conditions laid down in articles L. 541-2 to L. 541-5 ; 2° Repealed. 3° The fact, for any person engaging in the activity of financial investment advice, of receiving funds from their clients in…

Natural persons guilty of one of the offences mentioned in article L. 573-9 are also liable to the following additional penalties: 1° Disqualification from civic, civil and family rights, in accordance with the provisions of article 131-26 of the French Criminal Code ; 2° Disqualification, in accordance with the provisions of article 131-27 of the same code, from holding a public office or professional or social activity in the exercise…

Legal entities declared to be criminally liable, under the conditions set out in article 121-2 of the French Criminal Code, for the offences defined in article L. 573-9 shall incur, in addition to the fine set out in article 131-38 of the French Criminal Code, the penalties set out in article 131-39 of the same code. The ban referred to in 2° of the same article applies to the activity…