Regulatory Trifecta Issue Warnings on Fraudulent FX Operations
- Market regulators in both Spain and Greece issued a warning to market participants on the FX operations of Simple Trading Corporation Ltd., FXGL Capital and Global Markets OOD.
Market regulators in both Spain and Greece issued a warning to market participants on the FX operations of Simple Trading Corporation Ltd., FXGL Capital and Global Markets OOD.
Following yesterday’s warning over an unaffiliated entity of FXStreet (www.fxstreetoption.com), which was exposed as a binary Clone Clone A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for Read this Term of the FX media site operating out of Bulgaria, the Hellenic Capital Market Commission issued a warning on Global Markets OOD, which also was based out of the country.
The commission found that Global Markets’ license in Bulgaria had been revoked by Bulgaria’s Financial Supervision Commission (FSC), which effectively strips the entity of the right to provide any investment services or tradable instruments to market participants.
Broker Inquisition
In addition, Spanish watchdog regulator Comisión Nacional del Mercado de Valores (CNMV) has warned on two FX and CFD brokers operating under the alias Simple Trading Corporation Limited (www.simpletradelimited.com) and FXGL Capital (www.FXglcapital.com).
Lastly, in Canada, the Ontario Securities Commission (OSC) has issued a warning on Magellan Trading Group International (www.magellantradingfx.com). The entity is not registered in Canada, despite engaging in the buying and selling of securities. Magellan Trading Group was last based out of Costa Rica.
Market regulators in both Spain and Greece issued a warning to market participants on the FX operations of Simple Trading Corporation Ltd., FXGL Capital and Global Markets OOD.
Following yesterday’s warning over an unaffiliated entity of FXStreet (www.fxstreetoption.com), which was exposed as a binary Clone Clone A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for Read this Term of the FX media site operating out of Bulgaria, the Hellenic Capital Market Commission issued a warning on Global Markets OOD, which also was based out of the country.
The commission found that Global Markets’ license in Bulgaria had been revoked by Bulgaria’s Financial Supervision Commission (FSC), which effectively strips the entity of the right to provide any investment services or tradable instruments to market participants.
Broker Inquisition
In addition, Spanish watchdog regulator Comisión Nacional del Mercado de Valores (CNMV) has warned on two FX and CFD brokers operating under the alias Simple Trading Corporation Limited (www.simpletradelimited.com) and FXGL Capital (www.FXglcapital.com).
Lastly, in Canada, the Ontario Securities Commission (OSC) has issued a warning on Magellan Trading Group International (www.magellantradingfx.com). The entity is not registered in Canada, despite engaging in the buying and selling of securities. Magellan Trading Group was last based out of Costa Rica.