Spain’s CNMV Adds Tiger Asset Management to its Warning List

The CNMV, Spain’s securities markets watchdog, has added investment firm Tiger Asset Management to its warning list. The announcement follows the recent inclusion of unregistered broker IBA Markets to the list in a move to clamp down on the activities of unauthorised financial services entities.

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Tiger Asset Management, which operates online under the banner of www.tigerassetmanagement.net and claims to be based in New York, offers a range of services including Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and social trading in a variety of assets.

"Work In Progress"

After a brief overview of the website in question it was evident that there was no access to the company’s Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, with the message “work in progress” appearing in its place. Furthermore, Finance Magnates was unable to find any evidence of regulation by any jurisdiction.

In a statement issued today, the CNMV drew attention to the fact that Tiger Asset Management is not authorised to provide the investment services detailed in the Securities Markets Law, which includes investment advice or the provision of auxiliary services including transactions on foreign currency.

The CNMV’s role is to inform investors that investing through non-authorised companies implies a high risk of suffering capital losses since they operate outside the controls of supervisory authorities. Its latest warning on Tiger Asset Management warns the public not to deal with this firm as is not authorised to offer investment services, including forex, in Spain.