Regulatory Alert: CySEC Flags Unapproved Investment Services

<p>Cyprus Securities and Exchange Commission (CySEC) has issued
a warning to investors regarding several websites that lack the proper
authorization for providing investment services or conducting investment
activities. The regulator emphasizes the importance of conducting due diligence
before engaging with these platforms.</p><p>The list of unauthorized websites includes:</p><ul><li>otofpr.life</li></ul><ul><li>acmarketsltd.com</li></ul><ul><li>pmgroup365.com</li></ul><ul><li>morganfinance.io</li></ul><ul><li>uniglobemarkets.com</li></ul><ul><li>quantumai-new-uk-ct.invest-kapitals.com</li></ul><ul><li>cnxmarkets.com</li></ul><ul><li>evallvellc.com</li></ul><ul><li>t.me/Fxglobe_limited</li></ul><ul><li>aaatradecn.co</li></ul><ul><li>platform-nbdtrading.com</li></ul><ul><li>amadeus-markets.com &amp; cfd.amadeus-markets.com</li></ul><ul><li>xtreamforex.com</li></ul><ul><li>torrocapital3.com</li></ul><ul><li>royalinvestmentconsortium.com</li></ul><ul><li>axiacvs.com</li></ul><p>Investors are strongly advised to refer to CySEC's official
website www.cysec.gov.cy to verify the licensing status of entities offering investment
services or activities. This precaution helps protect investors from potential
unauthorized or fraudulent activities in the financial sector.</p><p>Impersonation
Scams: CySEC Uncovers Fake Websites and Solicitations</p><p>In
an earlier report by <a href="https://www.financemagnates.com/">Finance
Magnates</a>, the <a href="https://www.financemagnates.com/forex/cysec-counters-investment-scams-warns-against-impersonators-and-fake-websites/">Cyprus
Securities and Exchange Commission (CySEC)</a> issued a stern warning
against a rising tide of impersonation scams. </p><p>These
fraudulent actors have been posing as <a href="https://www.financemagnates.com/tag/cysec/">CySEC</a>
officers or representatives and are actively engaging with investors, promising
to settle compensation claims related to firms under CySEC's supervision in
exchange for fees. The regulator has identified a troubling trend of these
deceptive solicitations.</p><p>A surge in impersonation scams targeting investors has been uncovered by CySEC. Fraudulent actors
impersonate CySEC officials, promising to resolve compensation claims for fees.
These scammers have even created convincing fake websites like
cysec-regulatory.com and www.cysecgov.com,
mirroring CySEC's official site, complete with logos, announcements, and email
addresses. </p><p>CySEC
unequivocally stated that they never initiate phone calls or solicit
personal/financial data and cannot collect fees or appoint representatives. The
emergence of Cysecs.group, featuring a counterfeit list of approved investment
firms in Cyprus, heightens concerns. </p><p>Additionally, CySEC
urges vigilance in responding to unsolicited communications. Prior warnings
were issued against scammers impersonating CySEC employees, who target clients
through email, phone, WhatsApp, and social media. While CySEC does not directly
combat social media scams, it employs advanced tools to identify fake websites
and reports them to law enforcement.</p><p>A
recent survey indicates that 31% of respondents rely on financial influencers
for investment decisions, with 22% influenced by celebrity endorsements and
digital promotions.</p>

This article was written by Tareq Sikder at www.financemagnates.com.