Elysium Capital provides broker, fails to address sec fraud
Elysium Capital has announced the name of its third-party broker.
Trouble is, whether the broker name is known or not, Elysium Capital is still committing securities fraud.
Elysium Capital is a passive investment opportunity offered through Elysium Network.
Through “professional managed accounts” and “algorithmic trading programmes”, Elysium Capital claims it provides investors ‘with strong and sustainable long-term returns’.
Our aim is to make professional trading accessible with a few clicks, it’s like auto-copying a professional desk, our results have been nothing less than stellar.
Elysium Capital claims their trading bots are based on “a 10-year proven strategy”.
Specifics have not been made public but in our Elysium Network review, we sussed out a €500 EUR starting point.
In an email sent out to Elsyium Network affiliates over the past 24 hours, the company reveals Equiti Group Limited as its “prime brokerage”.
Equiti will operate and execute your managed account as a 3rd party independent brokerage, our EA portfolios are installed at Equiti and once you’ve registered your account they can be activated.
Over the last weeks we’ve calibrated the settings on their systems and it’s all synchronised.
“EA portfolios” are the trading bots Elysium Network (through Elysium Capital) manages affiliate funds with.
According to Elysium Capital;
Equiti Group’s reach extends across offices in the Middle East, North America, Europe, UK, Africa and the Asia Pacific regions and spans multiple strictly-regulated jurisdictions.
Companies within the group include Equity UK whose trading name is Equity Capital, regulated by the UK’s Financial Conduct Authority (FCA).
With Divisa US, Bloom Capital formerly Divisa NZ and Divisa Armenia as its subsidiaries.
Equiti Jordan – authorised and regulated by the Jordan Securities Commission (JSC). EGM Futures DMCC – regulated and licensed by the UAE’s Securities and Commodities Authority (SCA).
EGM Securities Ltd – regulated and authorised by Kenya’s Capital Markets Authority (CMA).
Services are provided by Equiti Group Limited Jordan & Equiti Capital UK Limited.
Equiti Group Limited Jordan is a registered trading name in Jordan (Registration Number. 50248), which is authorised and regulated by the Jordan Securities Commission with its company registered address at Second Floor, Jouba Complex, Suleiman Al Nabulsi St 32, Al-Abdali Boulevard, Amman. Authorised by JSC (Jordan) registration no. 18/00240/1/3.
Equiti Capital UK Limited (Company No. 07216039) is authorised and regulated by the Financial Conduct Authority (firm reference no. 528328), with its company registered address at 69 Wilson Street, London, EC2A 2BB, UK.
Card transactions are processed by Equiti Capital UK Limited.
EGM Futures DMCC is registered in the United Arab Emirates as a broker & clearing member of Dubai Gold and Commodities Exchange (DGCX), licensed by Dubai Multi Commodities Centre (DMCC) under License Number 31573 and Regulated by the Securities & Commodities Authority (SCA) under License Number 607136.
I haven’t verified any of that, because ultimately it doesn’t matter.
Elysium Network’s passive investment opportunity is offered through Elysium Capital. From a regulatory standpoint, how Elysium Capital’s passive investment opportunity is set up doesn’t matter.
It’s a security regardless, and neither Elysium Network or Elysium Capital are registered to offer securities in any jurisdiction.
This already attracted the attention of regulators in Estonia, which prompted Elysium Network to move its shell company operations to Hong Kong.
Whether Equiti Group continues to let Elysium Capital commit securities fraud through it remains to be seen.