A French court has ordered the Swiss structured product issuer to reinstate a compliance officer and pay back a portion of his salary after granting him ‘whistleblower’ status.
A Paris labour tribunal ruled on 3 April that the plaintiff, a senior compliance officer for Leonteq Securities (Europe), acted ‘in good faith’ when he reported suspicious transactions to the French Financial Markets Authority (AMF) in 2021, according to a 12-page court ruling seen by SRP. The dismissal of the plaintiff on the grounds of ‘gross negligence’ on 5 October 2021 was revoked as he was found eligible for the protective status of whistleblower based on the