CNMV Spain warns on unregistered financial services firms
The regulatory body of the Spanish Stock Market, Comision Nacional del Mercado de Valores (CNMV), has issued a press release to inform public in relation with financial services firms that are not authorised to provide investment services in Spain which includes investment advice.
According to CNMV,
1) http://www.citrades.com/ and;
2) http://www.traderfxcapital.com/
Are not authorised to provide the investment services detailed in Article 140 of the Securities Markets Law, or provide the auxiliary services detailed in letters a), b), d), f) and g) of Article 141 of said Law, which includes investment advice, in relation to the financial instruments detailed in article 2 of the aforementioned Law, including, for those purposes, transactions on foreign currency.
Source: CNMV
