Swiss Watchdog FINMA Blacklists Suisse Trade Center

[kreslik.news]

FINMA, the Swiss Financial Market Supervisory Authority, has updated its blacklist of companies that are illegally conducting financial services targeting Swiss residents.

The newly-listed company is a multi-asset broker and asset manager named Suisse Trade Center Ltd. The Swiss authority located the company address via its website http://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 ... (read more)