Spanish Regulator CNMV Exposes Two Unregulated Brokers

[kreslik.news]

The Comision Nacional del Mercado de Valores (CNMV), the financial regulatory body of Spain, announced today in a statement that it has added to its warning list two domains that are illegally offering financial services to Spanish citizens.

The financial watchdog today blacklisted www.trade12.com and binomo.com. The CNMV accuses the named forex and binary options trading companies of soliciting clients and/or providing them with financial services despite not being authorized. Consequently, the firms have been found in violation of the second paragraph of Article 17 of the Securities Markets Law.


Although the financial watchdog didn’t provide specific details, the ... (read more)