ESMA Warns of Unauthorized Use of its Identity and Credentials

[kreslik.news]

The European Securities and Markets Authority (ESMA) has issued a warning to the public that its logo and identity have been subject of illegal use by fraudulent entities, without any prior authorization from the authority itself, per a recent ESMA statement.

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The practice is extremely common amongst unregulated foreign exchange (FX) brokers and binary options providers, each of which are prone to claiming illicit regulatory status or credentials, whether by falsified addresses, regulation membership, or by assuming the identify or a regulator or read more)