The AFM imposes an order for incremental penalty payments on Homburg Invest Inc.

The Netherlands Authority for the Financial Markets (AFM) hereby announces that, on 29 April 2010, it imposed an order for incremental penalty payments on: Homburg Invest Inc., address 32 Akerley Boulevard, Dartmouth NS, Canada, B3B 1N1, also maintaining offices in the Netherlands at Stadionweg 1, 1077 RV, Amsterdam.

Homburg Invest Inc. has complied partly with the order within the term set.

The AFM imposed an order for incremental penalty payments, because Homburg Invest Inc. has not fully complied with requests for information from the supervisors of the AFM. The AFM requested information from Homburg Invest Inc. in order to establish to what extent Homburg Invest Inc. is in compliance with the rules of the Financial Supervision Act resulting from the licence requirement. Homburg Invest Inc. 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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