GME Ltd and Stien Schwartz Under the Watchful Eye of Italian Regulator

The Italian financial regulator CONSOB announced that it has identified a couple of firms which are not authorized to provide services to Italian residents. Since both entities are not authorized in the country, they have no European Union registration that they can passport either.

Prospective clients of these entities have to be wary of a number of statements made on both websites. The website of the first entity GME Ltd, named www.bankinvestcapital.com is highly suspicious due to the multitude of grammar mistakes found on different pages. Such occurrences are typically associated with boiler room schemes and fraudulent brokers.

The second entity, Stien Schwartz & Partners claims to be based in Italy according to the regulatory warning. The website of the firm, www.schwartz-stien.com has already been made inaccessible.

Italian authorities have been actively warning investors about newly bred Ponzi schemes and unregulated enterprises. A couple of weeks ago, the Italian Commissione Nazionale per le Società e la Borsa (CONSOB) warned the public against the activities of an unregulated entity providing binary options trading in the country under the name City Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term.

The lack of Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term of an allegedly European company speaks of an entity most likely not qualified to be providing financial services in the region, and for that matter, worldwide. Both companies claim to be based in the E.U. without any supporting evidence for authorization.