CySEC launches a campaign to "Alert Investors"

The Cyprus Securities and Exchange Commission (CySEC) recently launched a social media campaign to urge investors to exercise caution when engaging in online investment activities. According to CySEC, The new campaign is aimed at protecting investors against the rising trend of online scams and follows the discovery of fraudulent websites that are falsely claiming to be associated with CySEC.

A spokesperson for CySEC said: “With the rapid growth of online investing, scammers have become increasingly deceptive in finding ways to steal personal information or trick the public into making payments to them. We are urging investors to remain vigilant when considering investing online and to be alert to potential scams. Investors should be aware that CySEC does not authorise, verify, monitor, or engage in any way in class actions, compensation schemes, payments between natural or legal entities, or any public or private organisations. Moreover, CySEC urges the public to ensure that any person or entity that they are in contact with, are licensed to provide investment services in Cyprus ”

The cautions urge investors to protect their personal information and remind them that CySEC never sends unsolicited emails to investors, asks for sensitive or personal information, or requests that money be sent to their accounts.

About CySEC

The Cyprus Securities and Exchange Commission (CySEC) is the independent public supervisory Authority responsible for the supervision of the investment services market, and transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services that do not fall under the supervision of ICPAC and the Cyprus Bar Association, as well as Crypto-Asset Services Providers.

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