The Financial Conduct Authority from the UK has placed two new unregulated entities on its black list.
The first warning concerns Starwood Asset Management Fund, which offers investment services. It promises daily returns to its customers.
The company allegedly is based in Texas, but it probably is not the case. Because Starwood Asset Management Fund is not regulated, it is not authorized to provide investments services.
The second warning is about CEX Markets, which is offering investment services without being regulated. This earned CEX Markets a place on the FCA’s black list.
For trading use regulated brokers only.