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The FMA in Austria warns against NAG

  • Date
    10/01/2023
Content

The FMA in Austria warns agains NAG

NAG is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others (Article 1 para. 1 no. 7 of the Austrian Banking Act (BWG; Bankwesengesetz)).

Details of the unauthorised firm - NAG

Web: https://insnag.me 

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Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.

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