{"id":6944,"date":"2006-12-14T14:00:34","date_gmt":"2006-12-14T13:00:34","guid":{"rendered":"https:\/\/www.fma.gv.at\/en\/?p=6944"},"modified":"2016-06-17T14:01:18","modified_gmt":"2016-06-17T12:01:18","slug":"financial-market-authority-fma-publishes-two-warnings-against-unscrupulous-financial-service-providers","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/financial-market-authority-fma-publishes-two-warnings-against-unscrupulous-financial-service-providers\/","title":{"rendered":"Financial Market Authority FMA publishes two warnings against unscrupulous financial service providers"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p class=\"bodytext\">In an announcement published in today&rsquo;s issue of the official gazette &ldquo;Amtsblatt zur Wiener Zeitung&rdquo;, the Austrian Financial Market Authority (FMA) warns investors against financial service transactions with the following two providers:<\/p><p class=\"bodytext\"><b>Sirius Financial,<\/b><br>\nwith its alleged head office at<br>\nFL. 8 Suite 166<br>\nSanta Engracia 39<br>\n28010 Madrid<br>\nSpain<br>\nWeb address: <a href=\"http:\/\/www.sirius-financial.com\/\" target=\"_blank\" class=\"external\" rel=\"noopener\">www.sirius-financial.com<\/a><\/p><p class=\"bodytext\">\n<b>Novantae Capital Holdings,<br>\n<\/b>with its alleged head office at<br>\nAvda. Ramon y Cajal<br>\n1 Suite #252<br>\n28016 Madrid<br>\nSpain<br>\nWeb address: <a href=\"http:\/\/www.novantae.com\/\" target=\"_blank\" class=\"external\" rel=\"noopener\">www.novantae.com<\/a><\/p><p class=\"bodytext\">Sirius Financial and Novantae Capital Holdings offer financial services in Austria which require a licence pursuant to section 1 para 1 no. 19 of the Bankwesengesetz (BWG; Austrian Banking Act) (advising clients on investing funds, managing client portfolios in accordance with mandates given by investors, brokering business opportunities for the acquisition or sale of certain financial instruments) without having the required licence.<\/p><p class=\"bodytext\">Both providers base their activities on an impressive Internet presence and professional business documents, and they unsolicitedly and persistently contact their victims by phone and e-mail. Following investor warnings issued by supervisory authorities in other countries, these two dubious providers are now operating in the Austrian market.<\/p><p class=\"bodytext\">FMA Executive Director Heinrich Traum&uuml;ller therefore again urges investors, &ldquo;Don&rsquo;t let yourself get carried away by a commanding Internet presence, glossy brochures or professional business documents. Double-check with each provider whether they have the necessary licence to render the financial services they offer in Austria. If someone makes unsolicited contact with you and offers financial services, hang up immediately. In Austria, so-called &lsquo;cold calls&rsquo; are forbidden by law.&rdquo;<\/p><p class=\"bodytext\">\n<\/p><p class=\"bodytext\"><b>For further information please contact<br>\n<\/b>Klaus Grubelnik (FMA Media Spokesperson)<br>\n+43\/(0)1\/24959-5106<br>\n+43\/(0676)\/882 49 516<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sirius Financial &#038; Novantae Capital Holdings<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[80],"tags":[],"class_list":["post-6944","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial Market Authority FMA publishes two warnings against unscrupulous financial service providers - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/financial-market-authority-fma-publishes-two-warnings-against-unscrupulous-financial-service-providers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Market Authority FMA publishes two warnings against unscrupulous financial service providers - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"Sirius Financial &amp; Novantae Capital Holdings\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fma.gv.at\/en\/financial-market-authority-fma-publishes-two-warnings-against-unscrupulous-financial-service-providers\/\" \/>\n<meta property=\"og:site_name\" content=\"FMA \u00d6sterreich\" \/>\n<meta property=\"article:published_time\" content=\"2006-12-14T13:00:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-06-17T12:01:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_FB_Logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"925\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucija Stjepanovic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:site\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lucija Stjepanovic\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/financial-market-authority-fma-publishes-two-warnings-against-unscrupulous-financial-service-providers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/financial-market-authority-fma-publishes-two-warnings-against-unscrupulous-financial-service-providers\\\/\"},\"author\":{\"name\":\"Lucija Stjepanovic\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/person\\\/5c70db37d15a036781dd7cec261fad37\"},\"headline\":\"Financial Market Authority FMA publishes two warnings against unscrupulous financial service providers\",\"datePublished\":\"2006-12-14T13:00:34+00:00\",\"dateModified\":\"2016-06-17T12:01:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/financial-market-authority-fma-publishes-two-warnings-against-unscrupulous-financial-service-providers\\\/\"},\"wordCount\":272,\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"articleSection\":[\"Press Release\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/financial-market-authority-fma-publishes-two-warnings-against-unscrupulous-financial-service-providers\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/financial-market-authority-fma-publishes-two-warnings-against-unscrupulous-financial-service-providers\\\/\",\"name\":\"Financial Market Authority FMA publishes two warnings against unscrupulous financial service providers - 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