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SEC Updates Alert List: 14 Unregistered Entities, 2 Impersonators, and 4 Bogus Regulators Flagged

2024-11-29 BrokersView

The U.S. Securities and Exchange Commission (SEC) has announced an update to its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors. The latest update includes 14 soliciting entities, two impersonators of genuine firms, and four bogus regulators.

 

Soliciting Entities

 

  1. AbitoTrade Ltd 

Website: https://www.abitotrade.com 

 

  1. Binary Trade Elite 

Website: https://www.bnrytrdeelite.com  

 

  1. Capital Gold Asset

Website: https://cgoasset.com 

 

  1. Forex5 

Website: www.forex5.me 

 

  1. GemFxPro Ltd. 

Website: https://gemfxpro.com 

 

  1. Global BloomFx 

Website: https://globalbloomfx.com 

 

  1. GOSB Global Company 

Website: https://www.gosbtrade.com 

 

  1. IA-Digital Markets 

Website: https://ia-digitalmarkets.com 

 

  1. Medieval Credit Bank 

Website: https://medievalcredit.com 

 

  1. Remy & Associates LLP 

Website: https://www.remyassoc.com 

 

  1. Strenfield Capital

Website: https://www.strenfieldcapital.com 

 

  1. Trade Xtix Coins

Website: https://tradextixcoins.com 

 

  1. TradeHedgely

Website: https://www.tradehedgely.io 

 

  1. Yearn Stocker

Website: https://yearnstocker.com 

 

The SEC discovered that these firms were providing inaccurate information about their affiliation, location, or registration status. Under U.S. securities laws, firms that solicit investors are generally required to register with the SEC and comply with minimum financial standards and disclosure, reporting, and recordkeeping requirements.

 

The list also flags those impersonating registered securities firms and entities that falsely claim to be government regulators, agencies, or affiliates. The following ones were added to the list.

 

Impersonators of Genuine Firms or Spoofers

 

  1. BFS Investments

Website: https://www.bfsinvestment.com 

 

  1. Google Trade

Website: https://googletrade.org

 

Fake Regulators

 

  1. Department of Financial Transactions

Website: www.doft.us 

 

  1. Department of International Equities

Website: https://ie-us.org 

 

  1. Fraud Investigation and Repatriation Authority

Website: https://www.firagov.org 

 

  1. United States Corporate Records Department

Website: https://uscrd.org 

 

The list is periodically updated by the SEC’s Office of Market Intelligence, in coordination with the Office of Investor Education and Advocacy and the Office of International Affairs. The SEC noted that inclusion on the list does not mean the SEC has found violations of U.S. federal securities laws or made a judgment about the merits of any securities being offered.

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