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Austrian FMA and other regulators warn against StarkMarkets broker scam

ComplianceBCSCCONSOB
Mark Lagarde
Author: Mark Lagarde
Less than 1 min.read
FMA and other regulators warn against StarkMarkets broker scam
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The Austrian Financial Market Authority FMA has issued an investor warning against the scam broker StarkMarkets (www.starkmarkets.com) which is allegedly operated by Krisimark Ltd and SWISSGEM Ltd in Sofia, Bulgaria. Already in June 2020, the Canadian British Colombia Securities Commission (BSC) issued an investor warning, and in July the New Zealand FMA (here). In May 2020, the Italian CONSOB blocked the website of broker scam MarketsCFD (www.marketscfd.net) of SWISSGEMS Ltd and Media Solutions Ltd.

We could not find the two entities Krisimark Ltd and Swissgems Ltd in the Bulgarian company register. Either they do not exist, or they are registered somewhere offshore like in Belize or St. Vincent & the Grenadines. But one thing, however, the facilitating payment processors know beneficial owners of the scam.

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