Axiom Alternative Investments Sarl

Allegations: 1.FAILURE TO INFORM THE AMF OF CHANGES TO THE SHAREHOLDERS OF THE COMPANY AND TO DISCLOSE THE EXISTENCE OF A CONTRACTUAL RELATIONSHIP BETWEEN THE COMPANY AND A SHAREHOLDER AND DIRECTOR RESPONSIBLE FOR CONDUCT OF THE BUSINESS; 2.CONDUCT OF COLLECTIVE INVESTMENT SCHEME AND DISCRETIONARY MANAGEMENT INVESTMENT ACTIVITIES OUTSIDE THE SCOPE OF THE FIRM'S AUTHORISATION BY INVESTING IN OUT OF SCOPE FINANCIAL INSTRUMENTS; 3.FAILURE TO CONDUCT SUITABILITY TESTS IN RELATION TO CERTAIN CLIENTS AS PART OF THE NEW CLIENT ON-BOARDING PROCESS AND FAILURE TO PROVIDE PERIODIC REPORTING TO DISCRETIONARY MANAGEMENT CLIENTS. Status: Final Sanction Detail: USD $95,620.50 Summary: ON APRIL 22, 2013 AXIOM ALTERNATIVE INVESTMENTS SIGNED AN ADMINISTRATIVE SETTLEMENT AGREEMENT PURSUANT TO ARTICLE L621-14-1 OF THE FRENCH MONETARY AND FINANCE CODE CONCLUDING AN INSPECTION BY THE FRENCH REGULATORY AUTHORITY THE AMF (AUTORITÉ DES MARCHES FINANCIERS) WHICH HAD COMMENCED ON APRIL 18, 2011. IT SHOULD BE NOTED THAT SIGNATURE OF AN ADMINISTRATIVE SETTLEMENT AGREEMENT WITH THE REGULATOR IN FRANCE DOES NOT CONSTITUTE AN ADMISSION OF RESPONSIBILITY ON THE PART OF THE REGULATED ENTITY. THE AMF SETTLEMENT PROCEDURE DOES NOT COVER CASES OF MARKET ABUSE (INSIDER DEALING, DISSEMINATION OF FALSE INFORMATION AND PRICE MANIPULATION) OR OFFENSES TO MARKET INFRASTRUCTURES (CENTRAL SECURITIES DEPOSITORIES, SECURITIES SETTLEMENT SYSTEM OPERATORS, CLEARING HOUSES AND MARKET OPERATORS). THE SETTLEMENT AGREEMENT PROVIDES FOR PAYMENT OF A FINE OF EUR 90,000 BY AXIOM ALTERNATIVE INVESTMENTS, AND THE PUBLICATION OF THE TEXT OF THE SETTLEMENT AGREEMENT ON THE AMF'S WEBSITE. THE FIRM ALSO GAVE AN UNDERTAKING TO TAKE REMEDIAL ACTION TO ADDRESS THE POINTS RAISED DURING THE INSPECTION AND TO PRESENT WRITTEN EVIDENCE OF THAT ACTION WITHIN 2 MONTHS OF THE DATE OF THE SETTLEMENT AGREEMENT.