ASIC Warns against 72Option and London Capital Group Clone
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ASIC Warns against 72Option and London Capital Group Clone
The Australian Securities and Investments Commission (ASIC) has issued warnings against two brokerages, 72Option and a clone of London Capital Group. The regulatory authority expressed concern that the two financial entities might be running scam operations.
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The two online trading companies have been soliciting clients by phone and email, offering financial services and advice without acquiring an Australian Credit license ora current Australian Financial Services (AFS) license. Due to their running both operations illegally, the Australian financial watchdog has alerted traders that they might be involved in a scam.
ASIC strongly advises against ... (read more)
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