Fake CySEC Officers Scam Investors
- The Cypriot regulator urges the public to be vigilant of individuals impersonating as officers
The Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) has issued a communique, warning the public about a new type of scam that it has detected. In contrast to most cases, when fraudulent entities impersonate brokers, this time around the con artists pretend to be CySEC officers.
The regulator outlines in its announcement that similar scam tactics have become popular lately and Cypriot brokers' clients are being contacted by unknown individuals pretending to be collecting taxes.
Two particular cases were mentioned by CySEC in which individuals presenting themselves as Adam Theocharides and David Jenner-Clarke solicited Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term from an email address that does not pertain to the Cypriot regulator - international.affairs@cysec.info.
Careful observers will notice the difference in the official domains of CySEC (cysec.gov.cy) and the .info domain which the scammers use. The regulator has also stated that different scam messages may be originating from this or other addresses.
The cysec.info domain has been registered to an anonymous party for three years starting from June 16th this year.
There is no legal framework under which CySEC can be a mediator between any government agency and clients of Cyprus-based brokerages or asset management companies. The regulator urges the public to be vigilant and to contact the authority in the case of unsolicited communication on the part of scammers representing themselves as CySEC employees by emailing to info@cysec.gov.cy.
The Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) has issued a communique, warning the public about a new type of scam that it has detected. In contrast to most cases, when fraudulent entities impersonate brokers, this time around the con artists pretend to be CySEC officers.
The regulator outlines in its announcement that similar scam tactics have become popular lately and Cypriot brokers' clients are being contacted by unknown individuals pretending to be collecting taxes.
Two particular cases were mentioned by CySEC in which individuals presenting themselves as Adam Theocharides and David Jenner-Clarke solicited Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term from an email address that does not pertain to the Cypriot regulator - international.affairs@cysec.info.
Careful observers will notice the difference in the official domains of CySEC (cysec.gov.cy) and the .info domain which the scammers use. The regulator has also stated that different scam messages may be originating from this or other addresses.
The cysec.info domain has been registered to an anonymous party for three years starting from June 16th this year.
There is no legal framework under which CySEC can be a mediator between any government agency and clients of Cyprus-based brokerages or asset management companies. The regulator urges the public to be vigilant and to contact the authority in the case of unsolicited communication on the part of scammers representing themselves as CySEC employees by emailing to info@cysec.gov.cy.