Search Results for: FINMA
FINMA Switzerland warns for unauthorised firms
July 29th, 2015
FINMA, the Swiss Supervisory authority, has issued a warning to inform investors for companies suspected of conducting unauthorised activities in the financial market. FINMA added on July 29 the below companies in its Negative list: 1) UK Options Address: ...
FINMA warns for unauthorised companies
July 13th, 2015
The Swiss financial market supervisor, FINMA, has issued a warning to inform public for companies that are suspected to conducting unauthorised activities in the financial market. FINMA’s warning refers to three companies including a Binary broker. The companies are: ...
FINMA issues public warning
January 19th, 2015
FINMA, the Swiss Financial Markets Supervisory Authority, issues public warning concerning information provided by the following companies: Alpen Asset Management Trust Sàrl, Geneva, API Premiere Swiss Trust AG, Zurich Contrary to the information provided by the above companies neither ...
FINMA: Switzerland Completes Financial Services Regulator Review
January 5th, 2015
The Swiss Federal Council has concluded that there is no fundamental need for comprehensive reform of the Financial Market Supervisory Authority (FINAMA), but has identified what it says are isolated areas where there is room for improvement. FINMA is ...
FINMA recognises SFAMA code of conduct
November 14th, 2014
The Swiss Financial Market Supervisory Authority FINMA has recognised the SFAMA code of conduct as a minimum standard. The code of conduct, which will come into force on 1 January 2015, reflects the way in which the industry has ...
FINMA sanctions foreign exchange manipulation at UBS
November 12th, 2014
The Swiss Financial Market Supervisory Authority (FINMA) has concluded enforcement proceedings against UBS AG (UBS) regarding foreign exchange trading conducted in Switzerland. FINMA found that over an extended period of time the bank’s employees in Zurich at least attempted ...
FINMA reprimands Coop Bank for market abuse
October 29th, 2014
FINMA, the Swiss financial regulator, condemned the Coop Bank for manipulating the market price of its own bearer shares from 2009 to 2013. Its actions constituted a serious violation of supervisory provisions on market manipulation and an infringement of its organisational ...
FINMA initiates bankruptcy proceedings against Espirito Santo
September 22nd, 2014
The Swiss Financial Market Supervisory Authority FINMA initiated bankruptcy proceedings against Banque Privée Espírito Santo SA. FINMA found that the bank, which has been in voluntary liquidation since July 2014, was over-indebted. According to current estimates, the bank is ...
FINMA announces “Accounting – banks” circular
June 4th, 2014
The Swiss Financial Market Supervisory Authority FINMA has published today the definitive version of the new circular “Accounting – banks”. The new circular is based on the Banking Ordinance that has been adopted and fully revised by the Federal ...
Individuals and companies charged in $165 million global Binary Options fraud scheme
September 4th, 2020
The Commodity Futures Trading Commission (CFTC) announced on 02 September, 2020 the filing of a civil enforcement action in the U.S. District Court for the Western District of Texas charging six individuals and four companies with operating a fraudulent ...
