Unau­tho­rised firm warn­ing from bank

Irish Examiner - - Business -

Gen­worth Con­sul­tant Group (USA) has been named and shamed by the Cen­tral Bank as an in­vest­ment firm op­er­at­ing in the Ir­ish mar­ket with­out reg­u­la­tory ap­proval, some­thing which counts as a crim­i­nal of­fence and means that any neg­a­tively af­fected con­sumer deal­ing with them is not el­i­gi­ble for com­pen­sa­tion from the In­vestor Com­pen­sa­tion Scheme. The lat­est com­pany brings to 296 the num­ber of unau­tho­rised per­sons or firms to be ex­posed by the Cen­tral Bank since it ob­tained the rights to do so in late 1998.

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