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Luxembourg's Cssf Issues Alert Against Closed To Other Unlicensed Forex Investment Outfit: Millionet Investment Management Limited

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Image credit: plubee.com Commission de Surveillance du Secteur Financier (CSSF), the Grand Duchy of Luxembourg way tasked amongst overseeing the activities of fiscal entities inwards the country, has issued a alert against Millionet Investment Management Limited. Millionet’s website (millionetasia.com) claims the companionship is headquartered inwards Luxembourg, amongst offices inwards Asia, Europe, Africa in addition to the Middle East, however, CSSF has said that Millionet has no license to offering whatsoever form of investment products to residents of Luxembourg: “The CSSF informs the populace that the entity Millionet Investment Management Limited is unknown to it in addition to that the entity has non been granted the authorization required to render investment, fund administration or other fiscal services inwards or from Luxembourg.“ The Investor Benefits page claims that clients tin move create goodness yesteryear having their accounts managed yesteryear experienc...

Luxembourg Fiscal Regulator Issues Alarm Against Fx Broker Zidex Financials

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Luxembourg's fiscal regulator, Commission de Surveillance du Secteur Financier (CSSF), has issued a alert today against Zidex Financials, a Forex broker that claims to survive regulated past times the CSSF. Today’s CSSF announcement clearly indicates that is non the case: “The CSSF informs Blue Planet that the entity Zidex Financials is non supervised past times the CSSF in addition to has non been granted the potency required to supply banking and/or fiscal services inwards or from Luxembourg.“ The firm’s website says claims that it’s headquartered inwards Grand Duchy of Luxembourg (5th flooring 58 boulevard majestic 2887 Grand Duchy of Luxembourg city, Luxembourg), however, the company’s contact page lists an address inwards Lincoln, Nebraska, USA. Financial regulators inwards Europe are scrambling to effect warnings equally unlicensed in addition to fraudulent FX, Binary Options & CFD brokers are springing upwardly similar mushrooms across the region. Last week,...