The Spanish financial watchdog CNMV has joined its Bulgarian counterpart the Financial Supervision Commission (FSC) and warned the public of the unauthorized forex broker Tiger Asset Management.
In its publication CNMV notes the company is not authorized to provide investment services, financial advice and auxiliary services in relation to the financial instruments transactions on foreign currency.
This is the sole concern of CNMV, whereas Bulgaria’s FSC also warned that Tiger Asset Management is a clone of a German-regulated company of a very similar name.
The clone, operating from the website www.tigerassetmanagement.net has an address in New York and offers trading in forex, CFDs, stocks, indices and social trading. It does not provide any regulatory information, but in a section dubbed “Our Impact” lists a number of books, including biographies well-known hedge fund manager Julian Robertson, money manager Michael Steinhardt and textbooks and guides on investing. This section most certainly is pretty innovative for a forex broker web page.