Central Bank Of Ireland Issues Warning On Investment Firm

The Central Bank of Ireland today published a warning notice on Elliott & Laurence Consultancy Group (USA).

The firm is not authorised as an investment firm in Ireland and has been offering investment services in the State. The notice is published today in Irish daily newspapers under the European Communities (Markets in Financial Instruments) Regulations 2007.

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

Any person wishing to contact the Central Bank of Ireland with information regarding such firms may telephone (01) 224 4000. This line is also available to the public to check if an investment firm is authorised. Since obtaining the necessary legal powers in August 1998, 91 warnings naming 168 firms have been issued.


Related Irish News Stories
Click here for the latest headlines.

31 July 2019
Warning Over Unauthorised Loan Firm
The Central Bank of Ireland has published the name of an unauthorised firm offering financial services. Evolve Cash Limited is advertising loans on its website and claiming to be regulated by the Central Bank but it holds no authorisation from the Central Bank as a retail credit firm, moneylender or otherwise.
07 December 2012
Medical Firm Announce 100 New Jobs
100 new hi-tech jobs have been created at a multi-national medical devices company. Nypro Healthcare is to expand its centre of excellence in the seaside town of Bray, Co Wicklow. The new jobs, announced by Taoiseach Enda Kenny, bring the firm's total Irish workforce to 460.
12 June 2014
Over Two Hundred Jobs Created In Dublin And Galway
Over two hundred new jobs are to be created by three firms in Galway and Dublin. In Galway, 100 roles will be created by SmartBear, an American firm establishing its new European headquarters in the city. And in Dublin, 15 jobs are to be created by IT project management company Daysha Consulting, as part of a €1.5m investment.
05 September 2013
New Earth Observation Station Opens In Cork
Irelands first ever Earth Observation Station has been officially opened at the National Space Centre in Cork by Taoiseach Enda Kenny. Some €80 million will be invested in the centre over the next ten years as it aims to identify and track space junk.
01 August 2012
NAMA Launch Vacant Property Scheme
The National Asset Management Agency (NAMA) is stepping up efforts to free vacant properties around the country for social housing. NAMA has reportedly set up a new firm called Nama Asset Residential Property Services Limited, to acquire the target of almost 2,500 properties by the end of 2013.