A recent alert issued by the Cyprus Securities and Exchange Commission (CySEC) highlights concerns regarding 11 unauthorized investment firms. These firms are reportedly offering investment services without the required legal authorization, violating relevant financial regulations.
The regulator emphasizes that the public should exercise caution when dealing with these entities, which have been identified as lacking the necessary permissions to operate under Article 5 of Law 87 (I)/2017. The specific websites flagged for this warning include:
– paragonsigs.com
– monaxa.com
– efinancepro.com
– enxutto.net
– admiraleu-brokerz.com
– investfrx.com and vistatradex.com
– admiralsunited.com and client.admiralsunited.com
– fehelmante.pro
– hollytradebase.com
– xtbtradingco.com
– hoxtoncapitals.com
Investors are strongly encouraged to consult the official CySEC website before engaging with any investment firms. This verification process is crucial to ensure that they are dealing with licensed entities that are authorized to provide investment services and activities.
It is important to note that some of the aforementioned websites may be associated with “clones.” These unauthorized entities often mimic legitimate businesses by using similar names and logos to deceive potential investors, creating a false sense of security. As a result, they pose significant risks, as their operations lack regulation and oversight.
The warning serves as a reminder for individuals to remain vigilant and conduct thorough research before investing their capital. Recognizing the presence of unauthorized firms can help prevent potential financial losses and ensure safer investment practices.
Investors are advised to remain informed and utilize resources available on regulatory websites to verify the legitimacy of any investment service providers they may consider engaging with.