FCA Warns Against Efforex, LMAX Exchange Clone

[kreslik.news]

The ‎Financial Conduct Authority (FCA) today issued a warning about a clone firm called Efforex, which has been posing as LMAX Exchange, a London-based and FCA regulated multilateral trading facility (MTF).

The FCA said this bogus entity has no association whatsoever with the UK registered company LMAX. It added that scammers are falsely claiming the name, address and company number of the UK registered company.

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Fraudsters have cloned legitimate investment firm LMAX to lure consumers into fake products. The copycat firm, which has no registered address, is selling trading products to ... (read more)