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Abstract:The Financial Services and Markets Authority (FSMA) has issued a warning against many false trading websites.
The Financial Services and Markets Authority (FSMA) has issued a warning against many false trading websites.
The FSMA strongly advises against responding to the offers made by these trading platforms:
FSMA stated These trading platforms try to lure investors with promises of quick and easy profits. As enticing as those offers may seem, they are often nothing more than sophisticated fraud attempts that saddle investors with huge losses.
About FSMA
The FSMA was established on 1 April 2011 and is known in full as the Financial Services and Markets Authority (FSMA).
The FSMA's powers fall within the following areas:
• supervision of the financial markets and the financial information of companies,
• behavioural supervision,
• product monitoring,
• supervision of financial service providers and intermediaries,
• supervision of supplementary pensions,
• and contribute to better financial education.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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