CySEC alerts of impostors offering financial “assistance” for a fee

CySEC alerts of impostors offering financial “assistance” for a fee

- in All News, Regulation

The Cyprus Securities and Exchange Commission (CySEC) has published a notice informing investors and the general public that an “unknown company based in the Caribbean seems to be presenting itself as various bodies, including CySEC and the US CFTC for the purpose of conducting illegal transactions.”

The impostors, according to CySEC, are using the name and logo of the regulator, along with other untruthful information. They pretend to be CySEC and contact the clients companies fined by the US regulator CFTC with the promise to “assist” the said investors to be compensated for damages incurred during their cooperation with the aforementioned entities, in exchange for a legal fee.

In its statement CySEC stresses that “it is not connected in any way with the above mentioned company or individuals that are behind it, and that it never sends unsolicited correspondence to investors or members of the public requesting their personal and/or bank details and/or that they make any sort of financial transaction.” The Cyprus regulator also notes it is not involved in any way in payments between natural or legal entities.

The CySEC urges the public to remain vigilant and contact it in case of receiving such unsolicited communication. The regulator also asks anyone who receives such communication asking for money, to verify its authenticity with CySEC by e-mailing it at before taking any action. Also, CySEC urges the members of the public that believe they may have already received such suspect communication to contact CySEC at

This is the second similar warning CySEC publishes in the past few months. Back in June it issued an alert of impostors soliciting local investors into giving them money.

1 Comment

  1. One criminal alerts on the other criminal

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