Five New Illegal Entities in the Investment Services Market

The Cyprus Securities and Exchange Commission (CySEC) has identified five new illegal entities operating in the investment services market. The websites that do not hold a license to operate are: extlimited.com, networkfinancialservices.com, gmx-trading.com, eighttoro.com and upfrontfoundation.net. CySEC warns the investing public to be particularly careful and to always check if an investment services company is licensed before cooperating with it. Citizens can find the list of licensed companies on the CySEC website (www.cysec.gov.cy). The CySEC announcement aims to protect investors from potential fraud and ensure the smooth functioning of the capital market. CySEC continues to monitor the market and take action against illegal activities.