CySec warns regarding individuals impersonating CySec representatives 

The Cyprus Securities and Exchange Commission ( CySEC) has issued an announcement to warn about:

Following up on the relevant Cyprus Securities and Exchange Commission (‘CySEC’) announcements dated 27 November 2015 and 10 June 2016, CySEC would like to inform investors and the general public that it has come to its attention 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.

Specifically, the unknown company is illegally using the name and logo of CySEC, as well as other untruthful contact information, falsely presenting themselves as CySEC and contacts investors-clients of various entities to which the CFTC has imposed fines, promising to “assist” the said investors to be compensated for damages incurred during their cooperation with the aforementioned entities, in exchange for a legal fee.

CySEC would like to stress 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.

Further, CySEC does not authorize, verify, monitor, or is in any way involved in payments between natural or legal entities or any public or private agencies.

CySEC urges the public to remain vigilant regarding such unsolicited communication, and in case they receive any that appears to be from CySEC but was not initiated by the recipient of such communication, and appears to ask for the transfer or payment of any amount, to confirm the authenticity of the communication by contacting info@cysec.gov.cy 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 info@cysec.gov.cy.

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