FINMA instructs appropriate measures against companies or persons who, without having a corresponding authorisation, engage in activities that supervisory legislation describes as requiring authorisation. Potential measures to be taken can range all the way up to the liquidation of the company in question. However, it is possible that FINMA may be unable to carry out its investigations, to issue instructions for the necessary measures or to enforce these measures because, for instance, a company conducts its businesses from abroad or the persons concerned have disappeared.
The list below, published by FINMA, shows companies and persons who seem – due to their activities in or from Switzerland, or based on the description of their purpose according to the entry in the commercial register – to perform activities that fall under FINMA's supervision without possessing the necessary authorisation to do so. Inclusion on the list does not necessary mean that the company is performing an illegal activity; however, investors should be made aware that the companies listed here do not have authorisation from FINMA. The list contains the names of the companies and persons in question, their date of inclusion and any other information that may help to protect investors. Companies and persons will be removed from the list as soon as the necessary investigations have been completed and any changes that may be required have been made.
Publications until 31.12.2008