WARNING: Fake Regulator Alert - FINAEU!
Together with FinTelegram, we have uncovered yet another fake regulator-FINAEU. This deceptive entity falsely claims to be an independent public supervisory authority overseeing the investment services market and other financial sectors in Europe, including crypto-asset services. On their website, fin-eu.com, they even boast about licensing over 85 brokers. However, this is completely untrue!The German Federal Financial Supervisory Authority (BaFin) recently issued a warning and confirmed that FINAEU is not a legitimate European securities regulator and does not oversee any financial companies. This fake regulator is part of a broader scheme where deceivers pose as regulated financial service providers.
ACTION NEEDED:
Reject any offers or requests mentioning FINAEU as a supervisory authority.
Report any encounters with this fake regulator to the police or public prosecutor.
Whistleblowers Wanted! If you have any information about the operators behind FINAEU or other fake regulators, please come forward. Your insights are crucial in our fight against financial deception!
Stay vigilant and protect yourself from deception!
Report Deceptive Activities to Us:
https://payrate42.com/contact/
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PayRate42 is a rating agency specializing in payment processors. Our main goal is to protect merchants and consumers by providing transparency through the evaluation and rating of financial service providers. High-Risk Payment Processors (HRPP) operating outside the established regulatory framework are our primary focus.
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