Unauthorized firms (2007-2009)


Swiss regulators say the following seem to have offered services without authorization.  Locations with an asterisk (*) mean the firm is registered as a business in Switzerland and/or has a physical presence in Switzerland.

Click here to see their website addresses and here to see more information.

           
Name           Location
         
4XP Forex Place         Geneva
AA Capital         Hunenberg
ABZ assetX AG         Zurich*
Alor Finanz AG         Sargans
Astoria Capital AG         Sargans
Atlantis Exploration AG       Zurich*
AVM AG       Kriens
Barringer and Co.       Geneva
Basel Institutional       Delemont
BelSwissBank       -
Bergues Invest SA       Geneva
Biotech Development (Schweiz)       Bach*
Blanc & Baumar       Zurich
Bright Capital Banker Ltd.       Zug
Britannia Swiss Equities, BSE AG       Zurich
Bullion Trading Group       Hergiswil
Calvin & Sanderson Associates       Zurich
Capital Investment Holdings Ltd.       Zurich
Cash Group AG       Baar*
Celte Treuhand & Verwaltung AG     Sargans
CEO Trends AG         Zurich
Cfd Systemtrading Group GmbH       Fribourg*
Charles Drake Associates       Zurich
Chartwell Financial Services       Zurich
Compass Asset Management Ltd.       Geneva*
Concrete Equities         Geneva
Condor Gold and Minerals Inc.       Regensdorf
Coninvest Finanz AG         Zug
CRC Beteiligungen AG       Freienbach
Credit Mirabaud       Berne
Creditnet Bank Internationale       Australia
Cyclon Capital Corporation       Knonau
Darier Asset Management       Zug
DB Securities Group         Butschwil
Delmont Wealth Management       Geneva
Devel GmbH         Kreuzlingen
DEVIGATE AG         Basel*
Direct Settlements Pte. Ltd.       Zug
Dividium Capital Ltd.         Frauenfeld*
EAFin, Eidgenossische Anstalt fur Finanzdienstleistungsaufsicht -
Easy Forex Ltd.         Cyprus
eBank24 Corporation         London
Ecumoney Limited         Butschwil
Eiger Markets/Eiger Group       Geneva
E-Money Power (EMPFX)       Geneva
Empresa Minera (Bergbau) AG       Zug*
Ethos World Bank         Tagerwilen
Euro Gold Exchange SA       Zurich
Eurogoldtrader       -
European Money Management       -
FeatherSword Investments Ltd.       Geneva
Fidelity Partners         Zurich
Fiduhelp           Geneva
Fine Trading Group       Zurich
Finvest Asset Management       Zurich
First Invest Swiss Trade       Liestal
Floris Bank       Zurich
Foreign Exchange Clearing House Ltd.     London
Forexyard     -
Forst Finance AG         Zurich
Frazer Kennedy         Zurich
FXTSwiss         Geneva
Galileo Asset Management SA       Lausanne*
GCI Financial Limited         Belize
Global Equity Management       Zurich
Global Foreign Exchange (Switzerland) AG     Geneva
Global Pension Plan     -
Global State AG         Zurich*
Global Stox (G-Stox)         Geneva
Greenwich Trust         Geneva
GTO Gap Trading Online     Zurich
Guardian Worldwide         Geneva
Hamilton Associates AG     Zurich
HBW-Finanz AG     Basel
Helvetia Treuhand GmbH       Kreuzlingen*
Helvetia Treuhand-Union GmbH       Steinhausen*
Hemmingway Asset Management       Zug
Hentsch & Müller SA       Geneva
Hexagon International Corporation     Zurich
Holt Finance Company Privatbank AG     Zurich
Hutton Associates         Zurich
IAZ & Partners         Zurich
IFS International Financial Services Inc., Las Vegas   USA
i-gold Corporation         Zurich
Immofinanz International AG       Freienbach*
Imperia Invest SA       Bulle*
Incentive Breil/Brigels SA       Breil/Brigels*
Inter Credit Group, Kiev       Ukraine
Interbank Asset Management Group AG/InterBank AG   Zurich
Intercontinental Financial Developments Plc   Geneva
International Invest Ltd.       Frauenfeld*
International Nominee Group Ltd.       Zurich
International Swiss Bank SA       Geneva
Investment Suisse SA         Zurich
Investor Relations Corp. (IRC)     -
Investor-Tec         Geneva
ISIC-Finance & Partners       Basel
ISR Management & Consulting Ltd.     Zurich
KCP Bank       Kriens
Kirkland Lee         Zurich
Kutag Capital Partners AG       Kriens
Kutag Group         Kriens
Lotus Real Estate and Trading AG     Zurich*
Marriott & Lloyds         Geneva
Matterhorn International       Berne
MCC Mariaux Chevre & Cie       Zurich
Mercury Forex Investments Assets Ltd.     Pfaffikon
Merkur Allfinanz GmbH       Zug
MF Asset Management AG       Kusnacht
MonMach Marine Insurance Company Ltd.     Steinach
Neuburg Financial AG     Zurich
Noble Advisory Group     Zurich
Pacon Capital SA     Geneva
Perfect Money Finance Corp.       Zurich
Prentice Capital Management       Feusisberg
Private Equity Capital Group       Butschwil
Ranston Ltd.       Wollerau
Real Banking Ltd.         Zurich
Real Estate & Oil Inc.         Zurich
Rive Financial SA         Geneva
Rosenthal Consulting         Zurich
Rothman Goldstein, RG-Online, also "RG-Online, John Cousins" Geneva
Royston-Hobbs         Geneva
Ruluso Holding Ltd.         Zurich
Saxonia Sparkasse Inc.         Geneva
SBAG - Schweizerische Börsenabwicklungsgesellschaft mbH Glattfelden*
Schultz Assets Managers       -
Schweizer Spar- und Darlehenskasse, Cooperativa Multiactiva Ltda. Paraguay
Seabed Invest AG Baar*
SFP Private Banking         Geneva
SFR AG (Swiss Finance Research AG)     Zurich
Sigma Trading Limited       Zetzwil
Sigmaforex Securities and Financial Services     Zurich
Skyline Advisory Group       Zurich
Sophisticated Investor, Inc.       Zurich
SP Trade Investments Capital Ltd.     Geneva
Spacevision Financial Services Ltd. -
Spacevision Holdings Ltd. Geneva
Steinberg Investment Research AG     Rotkreuz*
Stonehard Consulting d.o.o.     Belgrade
Suisse Life Securities (Suisse)       Geneva
Sundown GmbH         Zug*
Sundown Happiness Financial Club     Oberwil*
Sunset Financial Ltd. Club       Oberwil
SWAG - Schweizerische Wertpapierabrechnungsgesellschaft AG St. Gallen*
Swiss Agricole Asset Management Zurich
Swiss Atlantic Securities AG       Tagerwilen*
Swiss Banking 24         Egg
Swiss Business Bank         -
swiss capital assets       Zurich
Swiss Export Bank         Zurich
Swiss Finance Research AG       Zurich
Swiss Financial Group         Zurich
Swiss Key Equity Consult AG       Zug
Swiss Management Consulting       Zug
Swiss Net Bank         Zurich
swissfin group         Zurich
Switzerland Investment Group       Zurich
SWX Capital Markets Ltd.       -
Taylor King         Zurich
Televisa Suisse Holding SA       Lausanne*
The Private Bank Group       Geneva
Thomas Moore       Zurich
Tiffano AG         Steinhausen*
tradArtis Ltd.         Bottighofen
TradexWorld SA         Geneva*
Tri-Star Capital Consulting Ltd.       Geneva
Tri-Star Project Finance Ltd.       Geneva
Tri-Star Service Group Ltd.       Geneva
TR-Wires GmbH         Aarau
TSI Business & Finance AG       Kreuzlingen*
Turner Mayfield Advisory AG       Zurich
Union Traders Corporation (UTC)       New York
United Trust of Switzerland SA       Oberageri*
VanFunds/Vandior Inc.       Geneva
Ventana Biotech Inc.       Butschwil
Von Bismarck Global Investment Research   Wilen
Wall Street Bank         Geneva
WDF International Business Consulting   Geneva
Welinton-Finance Inc.         Geneva
Weltzentralbank AG         Beatenberg
Western Royal         Zurich
Westgate Capital Management       USA
WESTGATE Financial AG       Zurich*
Woodbridge Business Corp. (c/o Morgan y Morgan)   Panama
Zinnwald Financiers   Basel
Zucomex The Zurich Commodities Exchange   -
Zurich Research - Private Brokerage     Zurich
         
Last update: February 05, 2010

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