Is there such a thing, like the FSA in the UK?

I've looked at the Swiss Federal Banking Commission's website, not sure this would necessarily cover brokers who cold call & try to sell you their services.

My father in law in UK is on receiving end of some idiot Swiss broker who won't take no for an answer.

Perhaps I can report the broker for speeding?

Thanks!
Andrew

The EBK is the regulatory body to which Banks have to report and have to be transparent (in relative terms).

This broker is calling to the UK - how often? I'd simply call the phone provider and report unsolicited calls from the incoming number.

I assume you're talking about stock brokers? I think it might depend on the instruments being offered.

I was a money broker for a good many years and there's certainly no qualifications needed there besides being fast and being able to shout louder than anyone else in the room. I also worked at a firm which acted as a "broker" for the Japanese stock and bond markets for which there was no special qualifications necessary.

The only thing I can think of might be that certain US financial instruments traded over the counter may require regulation from the National Association of Securities Dealers (NASD), although I am not absolutely certain.

Certainly any broker who takes positions in their own name should be recognised by the Eidgenössiche Bankenkommision as either a bank or Effektenhändler.

Thanks both. My father in law is in his 80s & I'm going on what he tells me over the phone since I'm still in Budapest, so not sure what type of securities this glorified salesman is hawking, I don't think the conversations have got that far, its just he keeps on calling. We've definately tried to get the phone number he's given barred, but he's calling from abroad via an office I think we don't necessarily get this number popping up in British Telecom's system. Will investigate. EBK doesn't regulate "introducing brokers" which I suspect he is. If necessary I'll just go round and duff him up I guess

your father can block suppressed CLIDs - so anyone without a number will not get through to him. An option - but others could suffer with this restriction being on.

Or get an answering machine and screen all calls.

A solution & a problem in one

He's got one of those, fed up it being literally choked by this boiler room idiot.

Best solution is to get a new phone number ex directory from day one I suspect...

As well as me duffing up the broker of course