Eureka! Institutional Repository

Investment Firms are an important part of the financial system. For this reason, the regulatory framework in which they operate is important to clarify with every detail the duties and obligations that they must observe in order to obtain the necessary certificates from the Securities and Exchange Commission. Currently, 53 AEPEYs operate in Greece and have a certificate of operation from the Hellenic Capital Market Commission. For 43 of them, it should be noted that they generally show a fairly good picture, although they appear to be experiencing a profitability problem, with nearly 50% of them showing post-tax losses. However, their turnover exceeds 120 million euros, which shows the tendency for further growth of the sector, especially after the period following the protracted economic crisis of the Greek economy.