Swiss Watchdog FINMA Blacklists Suisse Trade Center
- The company makes reference to 'global offices' on its website, insinuating broad regulatory authorization
FINMA, the Swiss Financial Market Supervisory Authority, has updated its blacklist of companies that are illegally operating financial services targeting Swiss residents.
The newly-listed company is a Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term broker and asset manager named Suisse Trade Center Ltd. The Swiss authority located the company address via its website https://stcforex.com/ which reveals that the firm is owned and operated by a Belize-based entity.
Although the financial watchdog didn’t provide specific details, the inclusion of Suisse Trade means it is not officially registered in Switzerland and was thus not authorized to offer its trading services to Swiss traders. Suisse Trade also claimed to have offices in Cyprus, but after some research on our side, it became clear that the firm isn’t regulated by the CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term as a CIF firm.
In the ‘About Us’ section, the company refers to global offices. However, it didn’t claim any specific regulatory status in these jurisdictions.
Earlier this year, Finance Magnates reported that FINMA shut down a cryptocurrency racket as part of its latest efforts to tackle digital currency fraud. Per its latest edict, FINMA’s target was a fake cryptocurrency provider. The Swiss Financial Market Supervisory Authority is currently pursuing as many as twelve other cases amidst an uptick of fraud in the country.
According to a FINMA statement regarding the action, this activity is similar to the deposit-taking business of a bank and is illegal unless the company in question holds the relevant financial market license.
FINMA, the Swiss Financial Market Supervisory Authority, has updated its blacklist of companies that are illegally operating financial services targeting Swiss residents.
The newly-listed company is a Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term broker and asset manager named Suisse Trade Center Ltd. The Swiss authority located the company address via its website https://stcforex.com/ which reveals that the firm is owned and operated by a Belize-based entity.
Although the financial watchdog didn’t provide specific details, the inclusion of Suisse Trade means it is not officially registered in Switzerland and was thus not authorized to offer its trading services to Swiss traders. Suisse Trade also claimed to have offices in Cyprus, but after some research on our side, it became clear that the firm isn’t regulated by the CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term as a CIF firm.
In the ‘About Us’ section, the company refers to global offices. However, it didn’t claim any specific regulatory status in these jurisdictions.
Earlier this year, Finance Magnates reported that FINMA shut down a cryptocurrency racket as part of its latest efforts to tackle digital currency fraud. Per its latest edict, FINMA’s target was a fake cryptocurrency provider. The Swiss Financial Market Supervisory Authority is currently pursuing as many as twelve other cases amidst an uptick of fraud in the country.
According to a FINMA statement regarding the action, this activity is similar to the deposit-taking business of a bank and is illegal unless the company in question holds the relevant financial market license.