New Warning by Spanish Watchdog Against Two Unauthorized Firms

The Spanish Comisión Nacional del Mercado de Valores (CNMV), which is the regulator and watchdog of the financial markets in the jurisdiction of Spain, has recently issued two separate announcements through which it warns the public against trading with forex and commodities broker Green Investment House Corp, operating under the trading name FXMARKER, and binary options broker LandMark Trade Ltd, operating under the trading name Imperial Options.

The Spanish watchdog points out that both these brokers do not have the appropriate licenses and authorization to provide investment services in accordance with the Spanish Securities Markets Law and they are not allowed to be targeting Spanish investors.

FXMARKER’s official website, which is www.fxmarker.com, mentions that the firm is regulated by the International Financial Services Commission of Belize, without providing any information on other licenses that it may hold.

 

The Imperial Options’ website only provides an address in the British Virgin Islands and also mentions that clearing and billing services are provided by Mentors Marketing Ltd in London, UK, but does not contain any information about licenses or authorizations that the firm holds from any jurisdiction. Imperial Options was warned against by regulators in the past for unauthorized operation, since last Summer the regulator in the Canadian province of British Columbia, had warned investors that that this broker is not authorized to offer investment services to residents of its jurisdiction.

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George Milios

George Milios is the founder of onlineforextrading.net, the binary options and forex news portal which is dedicated to providing you with all the information you need to successfully trade.

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