Tag: FINMA

December 17, 2015 BY Maria Nikolova

Swiss regulator issues six industry bans against UBS managers, traders for FX manipulation

The Swiss Financial Market Supervisory Authority (FINMA) today announced that has issued industry bans of between one and five years against six managers and traders formally employed in the foreign exchange and precious metals business of UBS AG (SWX:UBSN). The watchdog concluded that the six individuals were responsible for the breaches of regulation at UBS…

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December 04, 2015 BY Maria Nikolova

Swiss FINMA warns against investment firm Algo Banque

Switzerland's Financial Market Supervisory Authority (FINMA) has updated its Warning List of companies, with the latest addition being Algo Banque. Algo Banque, operating from https://www.algobanque.com, targets investors offering them a range of Forex trading and algorithmic trading services. The company claims on its website that its European office is located in Geneva, Switzerland. The inclusion…

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November 27, 2015 BY Maria Nikolova

Swiss FINMA adds binary options broker TradeSolid to Warning List

The Swiss Financial Market Supervisory Authority (FINMA) on Thursday updated its Warning list, which contains the names of companies that might be operating without a licence although their service requires authorisation and should be supervised by FINMA. The latest addition to the list is TradeSolid, a binary options broker, offering its services via www.tradesolid.com. The…

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November 13, 2015 BY Maria Nikolova

EU confirms Switzerland's supervision of central counterparties as equivalent

The European Commission has recognized the Swiss supervisory regime of central counterparties as equivalent to the relevant provisions applicable within the European Union (EU). The decision, which was announced today, enables Swiss central counterparties to access cross-border markets in the EU. In order for central counterparties to offer cross-border services from Switzerland within the EU,…

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