Swiss Regulator Shuts Down Wealth Manager and Bans Two Executives After Client Fund Abuses
financial misconduct
FINMA
FinSA
investor protection
licence revocation
regulatory enforcement
Switzerland
wealth management
FINMA has revoked the licence of Zurich-based Wendelspiess Partners AG and imposed long-term industry bans on two executives after finding the firm funnelled client funds into a conflicted in-house fund without consent, resulting in potential total losses for over 400 clients....
Jun 04, 2026