FINMA added a Binary Options provider in its Warning List
FINMA, the Swiss Financial Market Supervisory Authority, has updated its Warning List adding a Binary Options Provider suspected of conducting unauthorised activities in the financial market.
FINMA added on October 25 the below company in its Warning list:
Swiss Royal Banc
Address: c/o Greentree Holdings LTD, Suite 50, 2 Old Brompton Road, SW7 3DQ
Internet: https://swissroyalbanc.com
FINMA informs that the companies on its Warning list are being checked by FINMA to see if they are providing unauthorised services, but the findings are so far inconclusive because they have not complied with the requirement to supply information. The fact that a company is on the warning list does not automatically mean that its activities are unlawful. However, by placing companies like this on the list, FINMA is highlighting the lack of authorisation. The companies concerned will be removed from the list as soon as FINMA has been able to complete its investigations and make any appropriate adjustments.
Source: FINMA
