IFSRA warns over German firm

THE financial regulator has published a warning notice on The Roth Group (Germany).

IFSRA said the firm was not authorised as an investment business firm in Ireland and has been offering investment advice and/or investment business services to the Irish public.

Consumer director, Mary O’Dea said: “If you receive an approach from a firm, check with us to ensure they are authorised to sell investment services in Ireland. Never give your bank account number and personal finance details over the phone.”

It is a criminal offence for an investment firm to operate in Ireland unless it has an authorisation from the financial regulator. Clients of unauthorised firms are not eligible for compensation from the Investor Compensation Scheme.