Regulatory Alert Issued By CySEC
The Cyprus Securities and Exchange Commission (CySEC) has recently issued a strong warning directed at investors, cautioning them against engaging with certain websites that are not operated by entities authorised to deliver investment services under Cyprus law. The regulatory body emphasized that these platforms do not hold the necessary licences mandated under Article 5 of Law 87(I)/2017.
Unlicensed Platforms Under Scrutiny
In its notice, CySEC identified several websites that are not authorised to provide investment services within the European Union. Among them are solartecna.com, lucrativeedges.com, optramarket.com, and harvestsphereonline.com. The list also includes pehjosf.com, irafloxi.com, evpmarketgroup.com, aintelligence24.com, and primeinvests.eu. Additional websites named in the warning are fxmaple.com, fxmarketstrade.com, derivinvestments.com, 24yield.com, and xmarketcoin.com. Investors were urged to exercise caution when dealing with such platforms.
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Ensuring Investor Protection
CySEC also advised potential investors to verify the credentials of investment service providers before proceeding. Information on authorised entities and licence holders is available through the official register on the regulator’s website.
Importance For The Investment Community
The warning highlights the importance of checking whether a provider is authorised before making investment decisions. By publishing such notices, CySEC aims to help investors identify unauthorised platforms and raise awareness of regulatory requirements within the market.