Central Bank of Ireland Warning on Unauthorised Investment Firms
The Central Bank of Ireland today (27 June 2014) published the names of two unauthorised investment firms, Connor Simmons Group (USA) and Stealth Takeovers (USA). Connor Simmons Group (USA) and Stealth Takeovers (USA) are not authorised as investment firms by the Central Bank.
A list of unauthorised firms/persons published to date is available on the Central Bank website.
It is a criminal offence for an unauthorised person or firm to provide financial services in Ireland that would require an authorisation under the relevant legislation for which the Central Bank is the responsible body for enforcing. Consumers should be aware that if they deal with a firm which is not authorised, they are not eligible for compensation from the Investor Compensation Scheme.
Source: BOI
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