1) CALL RECEIVED?

If you have received a call or email from someone you don’t know offering you a significant investment, business, trading opportunity, be very cautious. The caller may be a scammer attempting to take your money. Frauds arise from companies operating overseas. People lose millions of dollars every year to scams, and you do not want to be the next scapegoat.

Protect yourself by checking this list of companies and individuals that are not licensed by CFTC, FCA, ASIC, and other regulatory bodies. If the company that called you is not on the regulated companies list, do not deal with them.

2) CHECK FOR COMPANY LICENSE

If you have been contacted by an investment company or have received a business offer, then check for the company before investing.

If the company or person is not licensed, this means they are unregulated, we highly recommend you not to deal with them and report them accordingly. Informing about them allows regulatory bodies to warn others and take legal actions against these tricksters.

Remember that most overseas businesses are selling foreign investments to you usually require a license; there are a few exceptions.

3) CHECK OVERSEAS LIST

Abroad companies can be regulated by the securities commission in their own country. You can check who controls them outside your country by going to the IOSCO (International Organization of Securities Commissions) website. Then you can contact the appropriate overseas regulator or search its site to ensure that a company of that name is registered or licensed by them.

You can also check IOSCO’s investor alerts where you can search for overseas companies that are not authorized to provide investment services in the country that has issued the warning.

LIST OF REAL FINANCIAL REGULATORY ORGANIZATIONS