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Forex scams
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Institutional FX
AMF Warns against Unauthorized Firms Offering Alternative Investments
2021-12-21T10:33:39.059+02:00
The AMF regularly updates its blacklist of new entities offering authorized investments.
New online platforms have a huge influence on young investors.
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Institutional FX
CySEC Reports €1.9Bn as 2020 Annual Income by Cyprus’ Investment Firms
2021-12-21T09:13:09.518+02:00
CySEC provides insights concerning Cyprus Investment Firms (CIF).
The report helps clients, partners and associates to avoid business risks.
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Nicholas Otieno
Retail FX
Forex Scams, Strict Regulations and Crackdowns, What to Expect in 2022?
2021-11-22T15:21:17.000+02:00
Authorities around the world have increased crackdowns against illegal financial services providers.
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Bilal Jafar
Retail FX
26 Israelis Nabbed for FX/Crypto Scam Released, Overseas Busts Continue
2021-10-12T10:59:47.000+02:00
The Cypriot authorities reportedly arrested one person in connection with the racket.
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Arnab Shome
News
Nigerian Police Arrest Brisk Capital CEO for Alleged $4M Investment Fraud
2021-05-26T00:39:05.000+02:00
The Commissioner of the Special Fraud Unit of the Nigerian Police Force said that Dominic Joshua confessed to the crime.
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Felipe Erazo
Retail FX
SEC Charges an Individual in Connection with 1 Global Capital Scam
2021-05-18T09:02:00.000+02:00
Roy Gagaza sold $10.8 million worth of unregistered securities of 1 Global to several investors.
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Bilal Jafar
Retail FX
Queens Man Faces 5 Years in Prison for Forexnpower Scam
2021-03-30T23:36:14.000+02:00
Kang is accused of lying about his trading credentials to con the Korean-American community into opening FX accounts.
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Aziz Abdel-Qader
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Regulation
CONSOB Blacklists 11 Websites for Operating without Authorisation
2020-09-04T11:55:27.000+02:00
The Italian regulator has ordered the 11 websites to be blacked out.
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Celeste Skinner
Regulation
Bank of Namibia: Online FX Trading Is Not Prohibited
2020-08-11T07:29:54.000+02:00
The statement comes as victims of an FX scam protest their money being withheld.
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Celeste Skinner
Brokers
Pepperstone Warns Clients of Data Breach as Fraudsters Impersonate Broker
2020-07-27T09:28:46.000+02:00
Fraudsters are reaching out to Pepperstone clients, asking them to transfer their client funds.
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Celeste Skinner
Regulation
CONSOB Orders Five Websites Belonging to Scams to be Blocked
2020-07-17T10:01:24.000+02:00
The regulator claims the websites are offering financial services illegally.
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Celeste Skinner
Regulation
ACCC: Aussies Lost US$21.6M to Investment Scams in H1 2020
2020-07-13T10:28:05.000+02:00
This loss is based on 3,325 reports made to the authority.
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Celeste Skinner
Regulation
FMA Calls Out Forex Insiders as Potential Scam
2020-07-13T08:12:40.000+02:00
The company is not authorised to offer its services within New Zealand.
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Celeste Skinner
Regulation
Texas Securities Regulator Accuses Mirror Trading of Fraud
2020-07-09T07:50:17.000+02:00
In particular, Commissioner Travis J. Iles claims the company is a multilevel marketing scheme.
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Celeste Skinner
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Regulation
Russell Maher of FBL Sentenced to 3 Years Imprisonment
2020-07-06T08:47:56.000+02:00
Maher pleaded guilty to the fraud charges brought by the Serious Fraud Office of New Zealand.
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Regulation
CFTC Files for Certificates of Default Against LaMarco and GDLogix
2020-07-02T09:46:48.000+02:00
According to the court document, LaMarco and GDLogix have not answered the CFTC’s complaint.
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Celeste Skinner
Regulation
ASIC Reports 20% Uptick in Investment Scams During COVID-19
2020-06-24T03:58:50.000+02:00
The regulator received 20% more reports of misconduct from March to May of 2020 year-on-year.
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Celeste Skinner
Regulation
US District Court Orders Eyal Alper to Pay $352,901 for FX Scam
2020-06-03T09:30:22.000+02:00
Alper has been charged by the CFTC for committing a fraudulent foreign exchange scheme.
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Regulation
Securities Commission of Malaysia: Clone Scams are on The Rise
2020-05-29T14:29:14.000+02:00
A number of licensed entities have lodged reports claiming their identities have been cloned.
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Retail FX
Texas Regulator Strikes FX Trader with Cease and Desist Order
2020-04-18T00:07:49.000+02:00
Ramos pooled money from investors with the promise that it would “profit off the coronavirus with forex.”
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Aziz Abdel-Qader
Retail FX
Britons Warned to Watch out for Instagram FX Scams
2020-04-08T19:30:27.000+02:00
While these bogus profiles advertise get-rich-quick schemes, they do not even have a website and operate solely on social media.
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Aziz Abdel-Qader
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Regulation
FCA Receives 69 FX Market Manipulation Reports in 2019
2020-02-28T15:23:58.000+02:00
The most reports received were for equity-related transactions.
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Celeste Skinner
Regulation
SL Markets May Be Operating a Scam, New Zealand’s FMA Warns
2020-02-24T09:30:43.000+02:00
The entity claims to be authorized in the country, when, in fact, it is not.
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Celeste Skinner
Regulation
FCA Flags Tradixa and Bitcoinmarketscap as Unauthorized
2020-02-21T14:48:19.000+02:00
The entities both claim to offer foreign exchange trading.
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Regulation
Austria’s FMA Warns Against BIC Asset Management
2020-02-20T13:21:39.000+02:00
The entity is not authorised to offer its services in the country.
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