CNMV Warns the Public on SFKK Trading Solutions and TDB Options

Two more entities have been flagged by the Spanish regulator following unlicenced trading activities.

The Spanish Comisión Nacional del Mercado de Valores (CNMV), Spain’s securities markets watchdog, today added SFKK Trading Solutions and TDB Options Ltd to its warning list, cautioning the public not to do business with these firms.

Unauthorised

According to the CNMV, both SFKK Trading Solutions and TDB Options are not authorised to provide investment or auxiliary services detailed in the relevant Securities Markets Law, in relation to the financial instruments, including transactions on foreign currency. 

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SFKK Trading Solutions offers a range of services under the banner of https://www.stcapitals.com which, according to its website, is operated by Y2 Media Group with addresses listed in St. Vincent & the Grenadines and London, UK.

TDB Options which claims to be registered in Anguilla with a UK office in London, operates a number of websites including:

http://www.banco-binario.com/es/

http://banco-binario.net/

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http://opcionesbinarias-bancobinario.net/

http://bancobinario-finanzas.net/

http://investingbinario.com/

http://bolsalp-banco-binario.com/

http://www.tradesopcionesbinarias.com/

Both firms are the latest brokers to make it onto the CNMV’s warning list following the inclusion last month of another unregistered firm, Trading Forex, as reported by Finance Magnates.

Spain’s Watchdog

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. The addition of SFKK Trading Solutions and TDB Options is part of the watchdog’s continued attempts to put a stop to the activities of unauthorised financial services entities soliciting their services to the public.

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