Bulgaria Denounces Russian Presidential Elections in Occupied Ukrainian Territories
Bulgaria has taken a firm stance against the recent Russian presidential elections held in the illegally occupied territories of Ukraine
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Bulgaria’s Financial Supervision Commission (FSC) has warned the potential investors about 18 firms that are not entitled to operate as investment intermediaries in the country.
“The list of the firms, which haven’t been licensed by the FSC, will help prevent fraud when investment is made in financial instruments,” the financial watchdog said in a statement on Wednesday.
In order to safeguard their interests, potential investors in financial instruments must check whether the investment intermediary has been licensed to provide the respective services to customers, the FSC added.
The list of the unlicensed firms [BG] is available here.
Also on Wednesday, the FSC warned potential investors that Bulgaria-registered Tiger Asset Management LLC and Austria-registered Tiger Asset management GmBH are not entitled to provide investment services and conduct investment activity in Bulgaria and other EU Member States.
Those entities should be distinguished from Tiger Asset Management GMBH, Germany, which is a management company regulated by the supervisory authority of Germany, the FSC said.
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