The Cyprus Securities and Exchange Commission (CySEC) has issued a warning regarding 15 investment firms that are operating without the necessary authorization. These firms are not approved to provide investment services or engage in investment activities, as stipulated under relevant laws.
The unauthorized firms identified include:
– ma212.com/#/1
– pro-invests.uk
– capitalltraders.com
– tradecenterfx.com & portal.loginzone.io/#/dashboard
– zenis.group & cfd.zenis.group
– cabalwealth.com
– crt-woxi.cc
– ifm247.co
– fidusinvestments.org
– easy-algo.ai
– finactltd.com
– asteoltdgroup.com
– bivaltofx.com & bivaltofx.co
– nutraforyoury.com
– atlas-finance.org
CySEC emphasizes that these entities have not received the necessary authorization to operate, which is a requirement under Article 5 of Law 87(I)/2017. The regulatory body strongly advises investors to verify the credentials of any investment firms before engaging in business with them. This can be done by visiting CySEC’s official website, where a list of licensed firms is available, ensuring that investors engage only with legally authorized entities.
The warning highlights the importance of conducting due diligence when considering investments, especially in an environment where unauthorized firms may exploit unsuspecting investors. Furthermore, CySEC’s proactive stance underscores its commitment to protecting the interests of investors and maintaining the integrity of the investment landscape in Cyprus.
Potential investors should remain vigilant and cautious, ensuring they are informed and acting based on verified information from trustworthy sources. Using the resources provided by regulatory bodies can significantly diminish the risks associated with unauthorized investment activities, safeguarding one’s financial well-being.