The Central Bank of Ireland issued a warning notice on SMH Markets, describing it as an unauthorised firm that has cloned the details of an authorised firm to present itself as legitimate and deceive consumers. The bank said SMH Markets is not authorised to provide investment services in Ireland. The warning classifies the entity as an unauthorised investment firm, investment business firm and crypto-asset service provider. It also states there is no connection between the legitimate authorised firm whose details were cloned and the unauthorised firm. The name was published under Section 53 of the Central Bank (Supervision and Enforcement) Act 2013.
Central Bank of Ireland2026-06-17
Central Bank of Ireland warns that SMH Markets is a cloned unauthorised firm
The Central Bank of Ireland warned that SMH Markets is an unauthorised firm that has cloned the details of an authorised firm. It said the entity is not authorised to provide investment services in Ireland and has no connection to the legitimate firm whose details were copied.