Swiss Regulator FINMA Blacklists FX Brand FSM Smart

[kreslik.news]

FINMA, the Swiss Financial Market Supervisory Authority, has updated its blacklist of companies that are suspected of conducting unauthorized activities in the financial markets.

The latest update to the FINMA’s warning list is a multi-asset broker called FSM Smart LIMITED. The Swiss authority located the newly-listed company address via its website www.fsmsmart.com which reveals that the firm is owned and operated by an offshore entity.

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Although the financial watchdog didn’t provide specific details, the inclusion of FSM Smart means it is not officially registered in Switzerland and was thus not authorized to offer its trading services ... (read more)