France's financial markets authority has fined collapsed wine investment firm Heracles, earlier called 1855.com, and its president a total of 350,000 euros for misleading investors.
Heracles, which was placed in liquidation in January this year, gave fake in rank to the Paris stock exchange, said the financial markets authority (AMF). The watchdog fined Heracles, earlier named 1855.com, 200,000 euros. It also fined the firm's founder and president, Emeric Sauty de Chalon, 150,000 euros. The fines could have been much higher, but the AMF said took into account the financial situation of the companionship. Several wine collectors have been incensed by the plight of Heracles. Previous to the firm went into liquidation, around 11,000 creditors submitted claims totalling more than 40m euros against the companionship. The AMF started its investigation in February 2012, looking at statements to the Paris stock exchange from the end of 2009. The watchdog said it found
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