FINMA Black List

FINMA

The FINMA Black List shows companies and persons who seem - due to their activities in or from Switzerland, or based on the description of their purpose according to the entry in the commercial register – to perform activities that fall under FINMA's supervision without possessing the necessary authorization to do so.

Inclusion on the FINMA Black List does not necessarily mean that the company is performing an illegal activity; however, investors should be made aware that the companies listed do not have authorization from FINMA.

The list contains the names of the companies and persons in question, their date of inclusion and any other information that may help to protect investors. Companies and persons will be removed from the list as soon as the necessary investigations have been completed and any changes that may be required have been made.

You can view the full list at FINMA'S Unauthorized Institutions (Black List) page.

We are currently checking the Forex providers in our database against the list and will be updating their records to reflect their status.
 

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Posted on April 6, 2012 10:42 by Tom Herod
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Crown Forex Appeals FINMA Liquidation Ruling

Forex broker Crown Forex said it was appealing against a bankruptcy ruling by Swiss regulator FINMA and might also sue the regulator.

Crown has 30 days to appeal the bankruptcy ruling and claims that FINMA ignored its earlier appeal against the liquidation.  FINMA is standing its ground saying that Crown's problems started with a money-laundering probe and that it has applied the law correctly.  More...
 

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Posted on June 11, 2009 15:40 by Tom Herod
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Categories: Broker News | Regulation
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