Investor Alerts - Cypress Securities and Exchange Commission
| Company: | Cypress Securities and Exchange Commission |
| Regulator: | Financial Markets Authority |
| Jurisdiction: | New Zealand |
| Date: | 24 Oct 2023 |
| Link: | https://www.fma.govt.nz/library/warnings-and-alerts/cypress-securities-and-exchange-commission/ |
| Subject: |
Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.) Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements Miscellaneous |
| Comments: |
We recommend caution if contacted by anyone claiming to be from the Cypress Securities Exchange Commission (CySEC). CySEC has warned that its website has been copied and scammers are impersonating its officials in a complex “recovery” scam. Previous scam victims are being contacted by CySEC impersonators via emails and phone, then asked to pay fees and/or purchase cryptocurrency under the guise of recovering lost funds. CySEC has stated it has no authority or jurisdiction to collect fees from individuals. |