Financial Regulators

Your Broker Must Be Licensed: Which Government Agencies Can You Trust?

This list will assist you in identifying which financial regulators and licensing authorities are dependable, and which, by omission, may be not be.

The governments of all major industrialized countries have financial regulatory agencies there to protect its citizens.  They are subject to extensive executive, judicial, legislative, and public oversight that license brokerages and brokers and monitor their activities to ensure maximum protection.

The most respected of these include:

  • The Australian Securities & Investments Commission (ASIC)
  • Austria’s Financial Market Authority (Finanz markt auf sichtsbehörd, FMA)
  • The various provincial authorities in Canada, the most prominent being the Ontario Securities Commission, the Autorité des marchés financiers in Quebec, the British Columbia Securities Commission, the Alberta Securities Commission, the Financial and Consumer Affairs Authority of Saskatchewan, and the Manitoba Securities Commission
  • The Danish Financial Supervisory Authority  (Finanstilsynet, DFSA)
  • France’s Financial Markets Regulator, Autorité des marchés financiers (AMF)
  • Germany’s Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin)
  • The Hong Kong Securities and Futures Commission (SFC)
  • The Central Bank of Ireland
  • The Israel Securities Authority (ISA)
  • Italy’s National Securities and Exchange Commission (Commissione Nazionale per le Società e la Borsa, CONSOB)
  • Japan’s Financial Services Agency (金融庁 Kin’yū-chō)
  • Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF)
  • The Netherlands Authority for Financial Markets (Autoriteit Financiële Markten, AFM)
  • New Zealand’s Financial Markets Authority (FMA)
  • The Financial Supervisory Authority of Norway (Finanstilsynet)
  • Poland’s Financial Supervision Authority (Komisja Nadzoru Finansowego, PFOC)
  • Portugal’s Securities Market Commission (Comissão do Mercado de Valores Mobiliários, CMVM)
  • Romania’s Financial Supervisory Authority
  • The Central Bank of Russia
  • The Monetary Authority of Singapore (MAS)
  • South Africa’s Financial Services Board (FSB)
  • Spain’s National Securities Market Commission (Comisión Nacional del Mercado de Valores, CNMV)
  • Sweden’s Financial Supervisory Authority (Finansinspektionen)
  • Switzerland’s Financial Market Supervisory Authority (FINMA)
  • Turkey’s Capital Markets Board (Sermaye Piyasası Kurulu, CMB)
  • The UK’s Financial Conduct Authority (FCA)
  • The U.S.  Commodities Futures Trading Commission (CFTC)

Beware Ineffective and Fraudulent Regulators

Alert consumers should beware, however, that weak bodies calling themselves regulatory commissions may also exist in the offshore countries in which firms committing binary options scams and forex scams are nominally incorporated.  Due to the limited governmental infrastructure in these countries – which tend to be underpopulated and underfinanced – the capacity of such agencies to carry out its monitoring function is nominal at best and non-existent at worst.

In addition, some unscrupulous financial investment sites, especially those offering binary options and forex, may claim to be members of or regulated by independent industry regulatory associations. In reality, these associations are fictitious. References to them are intended to to assure you that the services they offer are reliable when, in fact, they are not.