MFSA warns about Livia Options showing fake license
The Malta Financial Services Authority (MFSA) has announced that it has become aware of an entity operating under the name of Livia Options or LvO Ltd which has an internet presence at liviaoptions.com.
Livia Options is promoting the service of forex trading and claims to hold a Category 3 Investment Services License.
The MFSA wishes to alert the public, in Malta and abroad, that Livia Options or LvO Ltd is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any forex trading services or other financial services which are required to be licensed or otherwise authorised under Maltese law.
Furthermore, information available to the MFSA suggests that Livia Options or LvO Ltd is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.
The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.
A list of entities licensed by the MFSA can be viewed on the official website of the MFSA.