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18/02/2009
Regulator Issues Warning Over Phoney Investment Firms
The Financial Regulator has issued warnings about two firms, which they believe have been offering investment services to the Irish public.
According to the regulator, neither of the two companies Guardian Asset Management nor London Equities are authorised as investment firms in Ireland.
A regulator spokesman said: "It is a criminal offence for an investment firm to operate in Ireland unless it has appropriate authorisation from the Financial Services Regulator. Clients of firms, which are not authorised, are not eligible for compensation from the Investor Compensation scheme."
Anyone with any concerns about such firms is being encouraged to call 1890 200 469.
(DW/BMcC)
According to the regulator, neither of the two companies Guardian Asset Management nor London Equities are authorised as investment firms in Ireland.
A regulator spokesman said: "It is a criminal offence for an investment firm to operate in Ireland unless it has appropriate authorisation from the Financial Services Regulator. Clients of firms, which are not authorised, are not eligible for compensation from the Investor Compensation scheme."
Anyone with any concerns about such firms is being encouraged to call 1890 200 469.
(DW/BMcC)
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