Monolith-Invest, Personal-Trader.RU Blacklisted by CRFIN

The Centre for Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term in OTC Financial Instruments and Technologies (CRFIN) has blacklisted a fraudulent organization under the alias Monolith-Invest, citing unrealistic expectations and misleading guarantees.

Russia’s CRFIN is a non-profit, self-regulated partnership that monitors the FX market in relation to the Russian financial industry. The genesis of this denouncing against Monolith-Invest came as a result of guaranteed promises on the two sites, https://monolith-invest.ru/index.php, and https://personal-trader.ru/ .

The sites stipulated guaranteed rates of return to its prospective clients, substantiated bonuses via client procuring, as well as other benefits. For these reasons, CRFIN has issued a warning to investors, given the high degree of risk associated with this organization.