CySEC further clarified that it has “no authority or jurisdiction to collect fees for any purpose from individual investors, nor does it have authority to appoint anyone to do so on its behalf.”
According to CySEC, these cases are a part of a sophisticated online campaign aiming to defraud investors. The regulator noted that in recent case, such scams usually involve fraudsters claiming to be CySEC officers, appointed representatives of CySEC, such as legal advisors, other Cypriot supervisory authorities or other real or fake bodies.
In these cases, scammers contact clients of firms, regulated by CySEC, usually via email, which include name, address, official stamp and logo of CySEC, and even fraudulent copies of CySEC officials’ signatures.
The impersonators offer assistance to investors with compensation claims with sanctioned firms. CySEC noted that “through these preliminary contacts, the fraudsters illegally obtain additional personal information.”
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.