The Cyprus Securities and Exchange Commission (CySEC) has recently issued a cautionary announcement directed at the public regarding a total of 11 investment firms that are operating without proper authorization. This warning is significant for potential investors to consider, as dealing with unauthorized entities may pose serious risks.
The list of unauthorized firms includes the following websites:
1. deltatradingcorp.com
2. vyntor.net
3. phronimoss.com
4. alchemy-investments.ltd
5. axiance.com
6. superfitmax.com
7. fusion4marketsltd.com
8. anforanav.com
9. bm-holdings.co
10. lyfelete.com
11. novustrade.net
It is essential to understand that the firms operating these websites have not been provided authorization to offer investment services or conduct investment activities as stipulated in Article 5 of Law 87 (I)/2017. This legal framework is designed to protect investors and ensure that only properly accredited firms engage in investment activities.
The urgency of this advisory underscores the importance of due diligence for individuals looking to invest their funds. Investing through unauthorized firms can lead to financial losses, as these entities may not adhere to the regulations and provisions that govern legitimate investment practices.
CySEC strongly recommends that investors verify the legitimacy of investment firms before engaging in any financial transactions. To facilitate this, prospective investors can visit the official CySEC website (www.cysec.gov.cy) to access information regarding entities that hold the necessary licenses to offer investment services and perform investment activities. This step is crucial in protecting oneself from potential scams or fraudulent practices.
The regulatory body emphasizes the importance of conducting thorough research and checking the credentials of any investment firm prior to investment. This cautionary approach can assist investors in safeguarding their finances and ensuring that they work only with firms that comply with regulatory standards.
In summary, the warning serves as a reminder for investors to remain vigilant and informed about the firms they consider for investment purposes. By consulting the official resources provided by CySEC and being aware of unauthorized entities, individuals can make more informed decisions and mitigate the risks associated with unauthorized investment firms.