The Financial Services Authority in St Vincent and the Grenadines has issued a warning regarding a Turkish CFDs broker named Dogu Yatirim Ltd UK, indicating that this entity is neither registered nor regulated within their jurisdiction. The regulator clarified that any documents presented by Dogu Yatirim claiming to demonstrate their legitimacy in St Vincent and the Grenadines are fake and not authentic.
The Authority has strongly advised the public against engaging in any business transactions with Dogu Yatirim, highlighting that doing so could expose individuals to fraudulent activities. It’s important to note that the jurisdiction does not issue licenses for Forex or brokerage services, which further invalidates the claims made by this entity.
Dogu Yatirim’s website, which can be accessed at doguyatirim1.com, prominently features the forged license for download. The site is primarily in Turkish, listing a London-based address alongside a Turkish phone number for contact purposes. Furthermore, the company provides a list of associated corporate entities, which includes Dogu Yatirim Ltd UK, the name that appears on the fraudulent certificate, as well as another organization known as Eastern Investment Ltd UK.
In summary, the warning serves as an essential reminder for individuals to remain vigilant and conduct thorough due diligence before engaging with any financial service providers, especially those claiming affiliations or licenses that may not exist.