The AFM imposes an order for incremental penalty payments on Westerhavengroep Investeringen B.V.

On 27 November 2009, the Netherlands Authority for the Financial Markets (AFM) imposed an order for incremental penalty payments on: Westerhavengroep Investeringen B.V., with its registered office at Westerhaven 13 (9718 AW) in Groningen.

The order was imposed because Westerhavengroep Investeringen B.V. has failed to comply with the request for information from the AFM. Westerhavengroep Investeringen B.V. was requested to provide information, because the suspicion exists that this institution provided financial services, or still provides these, without holding a licence from the AFM for this purpose, or offers securities without an approved prospectus.

Westerhavengroep Investeringen B.V. did not supply the requested information by the deadline and is therefore required to make incremental penalty payments. In addition, the information requested must still be provided to the AFM.

If you have any questions or comments you can contact the Financial Markets Information Line on: 0900-5400 540 (5 eurocents per minute).

The AFM promotes fairness and transparency within financial markets. We are the independent supervisory authority for the savings, lending, investment and insurance markets. The AFM promotes the conscientious provision of financial services to consumers and supervises the honest and efficient operation of the capital markets. Our aim is to improve consumers’ and the business sector’s confidence in the financial markets, both in the Netherlands and abroad. In performing this task the AFM contributes to the prosperity and economic reputation of the Netherlands.

The AFM is committed to promoting fair and transparent financial markets.

As an independent market conduct authority, we contribute to a sustainable financial system and prosperity in the Netherlands.

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