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SEC Cracks Down on Unregistered Firms Offering Investment Services

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SEC Cracks Down on Unregistered Firms Offering Investment Services

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The Securities and Exchange Commission (SEC) has taken action against six online trading platforms that are operating illegally and without registration.

These firms, including Prime Invest, FXBoxed, and Axi24, are offering financial services and products without authorization.

The SEC has warned the public to be cautious when making investment choices and to avoid dealing with these blacklisted e-commerce websites.

This crackdown follows a similar move by Italy’s securities regulator, which blacklisted five e-commerce websites for offering fraudulent financial services.

The public is advised to exercise diligence when making investment decisions and to avoid dealing with unregistered firms.

This article was updated 4 months ago

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