FXTrading Corp investment fraud warning issued in Spain
Feb.09, 2019 in
companies, regulation
Spain’s National Securities Market Commission has added FXTrading Corp to its list of illegally operating companies.
The CNMV warns that FXTrading Corp is not registered to provide investment services in Spain.
FXTrading Corp was added to the CNMV’s list of companies offering unregistered securities on January 21st, 2019.
BehindMLM reviewed FXTrading Corp in December 2018 and, based on its business model, concluded it was likely a Ponzi scheme.
FXTrading Corp is currently being heavily promoted in Brazil and South Korea. Neither countries’ regulators have yet to take any action against the scheme.
Shoutout to Bernado for the heads up!
This one is growing quite large.
CVM determina suspensão de atuação irregular no mercado (PT-BR)
cvm.gov.br/noticias/arquivos/2019/20190520-2.html
Thanks for the heads up! Be interesting to see the Brazilian SEC can rustle up the actual owners.