FCA Latest Flurry Adds Several FX and Binary Options Brands to Warning List
Posted: Sun May 20, 2018 4:40 pm
The Financial Conduct Authority (FCA) has issued multiple warnings to investors advising them not to use the services of several unregulated brokerage firms.
The latest regulatory flurry includes forex and binary options brokers that appear to be soliciting and/or accepting funds from UK residents without having obtained FCA registration.
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Echoing previous warnings, the FCA ignores that unauthorised brokers continue to promote unregulated investments, taking money from the general public, and the regulator is powerless to do anything.
According to the City watchdog, many of these entities are acting in a capacity requiring them ... (read more)