Us Government’s Response - Swiss EU Treaty, Brexit, (Download PDF)

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American investigating agencies cracked down two IT staffing companies running “bench-and-switch” scheme. Arrest of four Indian-Americans. The perpetrators face a maximum potential penalty of 5 years in prison and a $ 250,000 fine.

Swiss-EU Treaty

  • A battle in the share trading between Switzerland and the European Union (EU) .
  • To face a battle in the share trading owing to a row over a stalled partnership treaty.
  • EU-based banks and brokers will be prevented from trading on Swiss exchanges.
  • Foreign exchanges are required to get Swiss permission to host trading in Swiss stocks in the new Swiss regime.

Affected by Swiss Ban

  • Pan-European stock trading platforms.
  • Foreign trading venues.
  • Those markets outside the EU will not be affected.


  • British share trading platforms.
  • Certification provided.
  • Regulation does not interfere with trading on Swiss markets.


  • Criminal charges.
  • Intentional violations- Imprisonment up to 3 years or a fine.
  • Negligence – Punished with a fine.


  • Target foreign trading venues.
  • Management or board of directors.

- Published/Last Modified on: April 24, 2020

Policy/Governance, Govt. Schemes/Projects, Committees/Govt. Bodies

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