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Central Bank warns on investment firm

Wednesday, March 20 11:42:07

The Central Bank today published the name of an unauthorised investment firm, Izard Quin Division Holding Limited (Switzerland).

It has been offering investment services to members of the Irish public and is not authorised as an investment firm in Ireland, the financial watchdog said.

It is a criminal offence for an investment firm to operate in Ireland unless it has an authorisation from the Central Bank of Ireland.

The Central Bank warned that consumers should be aware that, if they deal with an investment firm which is not authorised, they are not eligible for compensation from the Investor Compensation Scheme.

Since obtaining the necessary legal powers in August 1998, the names of 205 unauthorised firms have been published by the Central Bank.

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