The Cyprus Securities and Exchange Commission (CySEC) has issued a public warning regarding 11 investment firms that are operating without proper authorization. This advisory highlights the need for caution among potential investors who might be considering engagement with these entities.
The firms in question are identified through their respective websites, which include:
– deltatradingcorp.com
– vyntor.net
– phronimoss.com
– alchemy-investments.ltd
– axiance.com
– superfitmax.com
– fusion4marketsltd.com
– anforanav.com
– bm-holdings.co
– lyfelete.com
– novustrade.net
According to CySEC, these websites are associated with companies that have not been granted the necessary authorization to provide investment services or engage in investment activities, as mandated by the legal framework established under Article 5 of Law 87 (I)/2017.
Investors are strongly encouraged to verify the legitimacy of any investment firm before proceeding with transactions. CySEC provides a searchable database on its official website, enabling individuals to confirm whether a firm holds the appropriate licensing to operate legally within the investment services sector. This proactive approach aims to protect investors from potential fraud and ensures they engage only with regulated entities.
The announcement serves as a reminder of the importance of due diligence and awareness when making financial decisions. Potential investors should remain vigilant and conduct thorough research to safeguard their investments and avoid scams associated with unauthorized firms.