Swiss Regulator FINMA Warns Against Binary Options Broker Geneva Option

[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 binary options broker named Geneva Option. The Swiss authority located the company address via its website www.genevaoption.com which reveals that the firm is owned and operated by a Marshall Islands-based entity called HAS Group Ltd, 96960.

Although the financial watchdog didn’t provide specific details, the inclusion of Geneva Option means it is not officially registered in Switzerland and was thus not authorized to offer its trading services to Swiss traders. GenevaOption also claimed to have ... (read more)