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Information about Tycoon69 AG: Clarification by the FMA

Release Date: |

Having received many enquiries, the FMA is aware that the entity Tycoon69 AG is contacting investors with an announcement that it is obtaining a banking licence or is buying a bank together with the entity MCV-CAP Beteiligung AG.

The FMA therefore advises that both the aforementioned entities do not hold licences issued by the FMA and are not authorised to offer banking and financial services that require a licence.

In relation to Tycoon59 AG, the FMA also wishes to advise that the Swiss financial market supervisory authority, FINMA, appointed an investigating agent at the company on 28 May 2019: (