Spanish Watchdog Warns Against Two Unauthorized Financial Firms

Wednesday, 10/02/2016 | 08:55 GMT by Damian Chmiel
  • Green Investment House Corp and LandMark Trade Ltd have been blacklisted by the Spanish regulator following unlicensed trading activity.
Spanish Watchdog Warns Against Two Unauthorized Financial Firms
Finance Magnates

The Spanish Comisión Nacional del Mercado de Valores (CNMV) warns the public against trading with Forex and commodities broker Green Investment House Corp (FXMARKER) and binary options broker LandMark Trade Ltd (Imperial Options). In its official announcement, the watchdog argues that both brokers lack the appropriate licenses and authorization to provide investment services in accordance with the Spanish Securities Markets Law.

FXMARKER’s official website states that it is regulated by the International Financial Services Commission Belize, but it does not include information on other licenses.

Imperial Options’ website does not contain any information regarding licenses or authorizations that it holds. A similar warning on Imperial Options was issued last year by the Canadian financial markets regulator.

CNMV actively monitors the situation on the Spanish financial market. The local watchdog recently warned against an MT4 broker, GMT Markets. The brokerage claimed to be based in London and focused only on English, French, Spanish and Arab clients, but registration seemed to be open to the whole world.

The Spanish Comisión Nacional del Mercado de Valores (CNMV) warns the public against trading with Forex and commodities broker Green Investment House Corp (FXMARKER) and binary options broker LandMark Trade Ltd (Imperial Options). In its official announcement, the watchdog argues that both brokers lack the appropriate licenses and authorization to provide investment services in accordance with the Spanish Securities Markets Law.

FXMARKER’s official website states that it is regulated by the International Financial Services Commission Belize, but it does not include information on other licenses.

Imperial Options’ website does not contain any information regarding licenses or authorizations that it holds. A similar warning on Imperial Options was issued last year by the Canadian financial markets regulator.

CNMV actively monitors the situation on the Spanish financial market. The local watchdog recently warned against an MT4 broker, GMT Markets. The brokerage claimed to be based in London and focused only on English, French, Spanish and Arab clients, but registration seemed to be open to the whole world.

About the Author: Damian Chmiel
Damian Chmiel
  • 1519 Articles
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About the Author: Damian Chmiel
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
  • 1519 Articles
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