The Danish financial regulator has warned investors against another binary options brokerage.
The firm which
operates via www.techoption.com, is operated by CG Capital Investments
(VA) Ltd, Govant Building, BP 1276, Port Villa, Vanuatu and by GGM
Payment Solutions, Kyriacou Matsi 18, Nicosia, Cyprus.
to the FSA, TechOption is not allowed to offer services covered by the
Financial Business Act in Denmark and has therefore been added to its
FSA’s website (www.finanstilsynet.dk) includes a list of companies that
are allowed to offer financial services in Denmark as well as a listing
of warnings against companies so potential traders wishing to check the
authenticity of a financial services provider can do so here.
main task of the Danish FSA is the supervision of financial
undertakings including banks, mortgage-credit institutions and insurance
companies. The most important supervisory activity is monitoring that
undertakings have adequate own funds to cover their risks.
Danish FSA also supervises the securities markets in Denmark, ensuring
that listed companies comply with their obligations. It also monitors
the markets with a view to intervening in market abuse, including
insider dealing and price manipulation.
well as supervisory activities, the Danish FSA assists in drawing up
financial legislation and issues executive orders for the financial