Global regulators issue warnings over unauthorized investment services

Financial regulators and consumer protection organizations across several regions have issued warnings regarding unauthorized investment services and potential scams.

In Germany, BaFin warned against the website elitfinanz(. )com, stating it offers cryptocurrency trading without the required authorization under the Crypto Markets Supervision Act. In Spain, the CNMV identified eleven unauthorized entities, including Immediate Vision, Inmediate Force Mob, and several websites such as bitru.io, warning they are not registered to provide investment services.

In Venezuela, Sunaval alerted investors to unauthorized investment proposals being circulated via social media and messaging apps like Telegram and WhatsApp. Meanwhile, in Switzerland, consumer watchdog K-Tipp updated its warning lists for financial advisors and investment firms, noting companies where risks may outweigh potential returns, alongside police warnings regarding phishing and suspicious online platforms.