The Financial Supervision Authority has revoked the activity licence of the investment house Trigon Wealth Management
The Financial Supervision Authority has revoked in full the activity licence of the investment house Trigon Wealth Management. The activity licences were revoked on the basis of request of the investment house in connection with the reorganization of the activities of the AS Trigon Capital consolidated group.
Management companies AS Trigon Funds and AS Trigon Alternative Funds will continue providing investment services in the AS Trigon Capital consolidated group. The Financial Supervision Authority believes that clients’ justified interests enjoy sufficient protection in connection with the winding-up of the investment house. AS Trigon Wealth Management has stated that as of submission of their application, they had no valid customer agreements or outstanding claims related to taking over contracts or winding up activities.
Four investment firms currently operate in Estonia on the basis of activity licenses issued by the Financial Supervision Authority. The list of investment firms can be found on the Financial Supervision Authority website.