The MNB fined the Hungarian-registered financial advisory division, MNG Investments Zrt, HUF 2.5 mln for operating without a licence. It also fined the division and its parent company HUF 130 mln and HUF 160 mln, respectively, for violating rules on public offerings of investment products.
The MNB noted that MNG Investments had operated as agents for MTS Broker Ltd and Safebroker Kft.
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