Category: AMF

Offshore activities of CySEC-regulated LegacyFXN
Categories
May 21, 2023

No CySEC Answer? Dutch Court Ordered CySEC Broker LegacyFX To Pay €303.000 To Victim!

LegacyFX is one of the CySEC-regulated CIFs that works with offshore mutations to solicit European clients. Their offshore broker is AN All New Investments (VA) Ltd in Vanuatu. However, all card transactions of this offshore broker are processed by the CySEC-regulated entity. Durch Courts sentenced LegacyFX on May 17, 2023, to pay €303,000 to an investor, the Dutch lawyer Marius Hupkes reports on his website.
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Latvian Racket and Finex GroupU
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August 31, 2022

Urgent Warning Against The FinexTrader Broker Scam!

FinTelegram has already warned several times about the cybercrime organization we call Latvian Rack. This organization attacks consumers in Europe with its broker scams and boiler rooms via legal entities in the UK and other jurisdictions. One of these scams is FinexTrader, which was recently blacklisted by the French regulator AMF. We think that FinexTrader will soon disappear with the victims' money. Stay far away. Save yourself financial losses and the misuse of your data.
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Regulators warn against TradingBloomW
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March 24, 2022

Way too late! German BaFin warns against vanished broker scam

In early Jan 2022, the Netherlands Authority for the Financial Markets (AFM) issued a warning against the TradingBloom broker scam. The fake company Bloomb Trading Facility B.V. is stated on the website as the operator, acting as a clone of the AFM-licensed Bloomberg Trading Facility B.V. Other regulators such as the Italian Consob or the Belgian FSMA re-published the warning. Recently, the Spanish CNMV has issued a warning. A few hours ago, the German BaFin finally issued a warning. Too late!
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Felix Hufeld BaFin PresidentG
Categories
July 30, 2020

Gooood Morning BaFin – it’s time to start protecting, supervising, and cybercrime fighting!

It's stunning. Before the eyes of the world public, the scandal of the DAX listed Wirecard unfolded over years while the BaFin did nothing but file complaints against investigative journalists and traders. BaFin has the legal mandate to protect the capital market and investors. Despite numerous warnings and circumstantial evidence, it has not fulfilled this mandate. BaFin must be accused of gross negligence and embezzlement.
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