Exclusive: Dozens of Broker Offices Raided by Romanian Police, 130 Arrested
Posted: Thu May 26, 2016 6:17 am
A big number of brokerages that have been targeting Romanian residents without the appropriate EU financial services registration for years have been using call centers located in the country to also target foreigners. Authorities in Romania have responded heavily in recent days as numerous sources report to Finance Magnates that a number of offices have been raided by local police.
Policemen have stormed into offices of all of the unregulated brokerages that have operations in the country with some regulated brokers also receiving visits albeit in a more casual manner. The raids against the unregulated brokerages resulted in numerous arrests by armed policemen ... (read more)