CySEC warns of individuals impersonating its representatives
The Cyprus Securities and Exchange Commission (CySEC) today issued a warning regarding people posing as its representatives.
The regulator has identified persons fraudulently presenting themselves as CySEC Officers or representatives, who are soliciting investors for fees in exchange of alleged settlement of bogus compensation claims related to firms under CySEC supervision.
CySEC also warns of fraudulent impersonation of the CySEC website (cysec-regulatory.com and www.cysecgov.com) which includes the CySEC logo, announcements, images and email addresses. Another fake website (Cysecs.group) contains a link to a fake List of Approved Cyprus Investment Firms and contains several links to unauthorized or scam brokers.
Further to the above, CySEC emphasizes that it never makes contact by telephone or sends unsolicited correspondence and does not request personal data, financial or otherwise.
The regulator urges investors to contact CySEC to confirm the authenticity of communications by contacting info@cysec.gov.cy before taking any action.
Genuine emails from CySEC include addresses ending in gov.cy – although there have been cases where fraudsters have also cloned these as well.
CySEC 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. CySEC does not authorize, verify, monitor, or is in any way involved in class actions, compensation schemes, payments between natural or legal entities or any public or private agencies.