The Securities and Exchange Commission (SEC) has issued a warning to investors regarding the risks posed by unlicensed operators in the securities, derivatives, and digital asset markets.
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The Securities and Exchange Commission (SEC) has issued a warning to investors regarding the risks posed by unlicensed operators in the securities, derivatives, and digital asset markets. This caution includes foreign operators who may be promoting fraudulent offers or scams.
Key Takeways
The Securities and Exchange Commission (SEC) has warned investors about risks from unlicensed operators, including foreign entities, in securities, derivatives, and digital asset markets. These entities often participate in exhibitions and promotional events outside the SEC’s regulatory scope, raising fraud concerns.
SEC’s Deputy Secretary-General Anek Yooyuen emphasized monitoring events for unlicensed investment advice. Unlicensed operators or unauthorized products may face imprisonment and fines.
The SEC has closed over 1,800 fraudulent online accounts. The regulator urges event organizers to…