18/10/2012

Unauthorised Investment Firm Issued With Warning

The Central Bank have today said that an investment firm in Ireland by the name of Walten Pichler is unauthorised, because of this they cannot claim compensation from the Investor Compensation Scheme.

Unless a bank has an authorisation from the Central Bank of Ireland it is a criminal offence for an investment firm to operate. Since obtaining the necessary legal powers in August 1998, the names of 194 unauthorised firms have been published by the Central Bank.

If you have any further information regarding similar firms contact the Central Bank at (01) 224 4000.

(CH)

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