Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Finma adds three new firms to warning list

The list includes companies that might be carrying out unauthorised or unsupervised wealth management and banking services

Finma has added three new companies to its warning list, Citywire Switzerland has learned.

The list includes companies that might be carrying out unauthorised or unsupervised wealth management and banking services, having provided insufficient or falsified information to Finma, leading to inconclusive investigation results.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Finma has added three new companies to its warning list, Citywire Switzerland has learned.

The list includes companies that might be carrying out unauthorised or unsupervised wealth management and banking services, having provided insufficient or falsified information to Finma, leading to inconclusive investigation results.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

GDM Finance SARL

The company presents itself as an investment manager based in Meyrin, in the canton of Geneva.

The website reads: ‘We operate globally, utilising financial markets around the world. Our experienced analysts and market fund managers together with advanced programming guarantee outstanding results.

‘GDM operates in every major market 24 hours a day and five days a week, constantly trading, adjusting to market changes and seeking opportunities for a high return on investment.’

The firm also offers three strategies, an agricultural fund, a global gold fund and an alternative energy fund.

It was not possible to reach the company for comment.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Wintercap SA       

According to Finma, the company is based in Finhaut in the canton of Valais and operates in the banking, finance and investment sectors.

The firm does not appear to have a website and no contact details have been provided by Finma.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

esepa finance GmbH, Zurich branch

The firm claims to be a financial services provider offering a variety of services, including monitoring of financial statements and secure payment transactions.  

The website reads: ‘We promote new business and sustainable customer relationships. Our portfolio includes companies in direct marketing as well as shop providers with integrated sales and payment processes.’

It was not possible to reach the company for a comment. 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.