29 April, AtoZForex, Lagos – The Malta Financial Services Authority (MFSA) has added another firm to its warning list. The regulator has again sounded the alarm against the operations of an entity found to be carrying out financial activities in the region without due authorization.
MFSA Global InterGold warning
The latest case involves Global iGold UK Limited, previously operating as “Emgoldex”. The firm operates under the following address: Global iGold UK Limited, Berkeley Square House, Berkeley Square, London, and with the web address: https://www.globalintergold.com/. This firm operates with referrals who approach members of the public, with the aim of having them invest in Global iGold UK limited.
According to the Maltese financial regulator, Global InterGold appears to be offering access to an investment scheme with core operations in gold bullion. However, such activities require strict licensing from the MFSA along with provision of any financial service activities in the region. Hence, it is absolutely unsafe to trade with this firm. The MFSA therefore advices members of the public to refrain from undertaking any business or transactions with the above-mentioned entity.
The regulator also took the opportunity 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 authorized to provide such services by the MFSA or another local reputable financial services regulator.
Stock binary warning
Besides the MFSA Global InterGold warning, a recent and similar case involves the MFSA discovery of the illicit activities of the firm stock binary. This binary options broker operates via the website http://www.stock-binary.com/. However, the major point of concern regarding this firm is its claims on the contact page http://www.stock-binary.com/contact.html, where misleading information is contained. Stock binary is utilizing the information of an MFSA genuine licensed firm on its page, in order to mislead the public into believing the firm is actually authorized by the financial regulator of the region to carryout investment services. Hence, the MFSA has issued a public statement, both in Malta and abroad about undertaking any business or transactions with this firm.
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