CNMV Warns Investors About IBA Markets
Posted: Sun Apr 10, 2016 12:48 pm
The CNMV, Spain’s securities markets watchdog, has added IBA Markets (International Brokers Association Markets) to its growing investor warning list. The announcement comes just one week after the CNMV issued warnings against several brokers including BelforFX and Escuelade Traders for being unauthorised to provide investment services or advice under the relevant local capital markets law.
The broker in question operates online under the banner of www.ibamarkets.com as a provider of a range of FX services. While the website claims to have started its registration process with Russia’s Federal Financial Markets Service (FFMS) and Germany’s Bafin, the CNMV draws attention ... (read more)