IFSC Issues Warnings against Two Brokerages for Illegal Operations

[kreslik.news]

The International Financial Services Commission (IFSC), the Belizean financial watchdog, has released two warning notices against two brokerages, 53 – Capital Trade and One Life Network Limited, for approaching clients without having the required licenses.

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One Life Network Limited is said to be registered in Belize, but is operating sans the license issued by the IFSC, which is deemed an illegal activity. The company is furthermore unregulated in Belize, either by the IFSC or any other regulatory authority, and therefore is not authorized to run any trading ... (read more)