New Forex Traders Holdings – FINMA Investigates Possible Manipulation of Foreign Exchange Markets
Whether you’re new to Forex trading or you’re a seasoned pro, it’s always important to keep an eye on your finances. Fortunately, there are tools available to help you keep track of your finances and prevent yourself from getting ripped off by fraudsters. One of the more useful tools is offered by Resch Rechtsanwalte, a law firm that specializes in tracking down money evaded by fraudsters.
Lack of approval from the Swiss Financial Market Supervisory Authority
FINMA, the Swiss financial markets regulator, has announced that it has launched an investigation into possible manipulation of the foreign exchange markets. FINMA is a body independent of the government, and it investigates suspected violations of law. It follows international laws and cooperates with other regulators. It can issue a warning or shut down an unauthorized financial service provider. It has the power to pursue enforcement proceedings or even to seek damages.
FINMA’s investigation into New Traders Holdings FX revealed that the company did not have the necessary authorization to operate. Traders report that the company defrauded them, and lost their invested capital. There are also signs that the company used false information. It also propagates offers in all forms of media and uploads promotional videos on YouTube.
Fraudsters gain access to victims’ online banking
Investing in foreign exchange through a fraudulent scheme can result in losses of up to $30 million. These scams are often presented as legitimate investment vehicles. They require people to provide personal information to participate but often use fictitious letters to convince targets that the program is legitimate.
These scams have been reported to work with malware that disrupts ATMs and online banking. Once the malware is installed, the fraudster gains access to the victim’s personal banking information. They may then ask the victim to send money abroad or to pay a fee to unlock the account.
The Federal Reserve Bank of New York has identified a new scam and is warning consumers about it. The scam involves fraudulent e-mails sent by New York Fed employees. The e-mail instructs the recipient to pay a fee to activate the account. Typically, the e-mail will contain a sham e-mail address, a fictitious phone number, and a fake Federal Reserve document.
Resch Rechtsanwalte has developed powerful tools for tracking down evaded money and tracing the money flows
During their 30-year career of investigating financial abuses, Resch Rechtsanwalte has developed a formidable arsenal of tools for tracking down the evaded money and tracing the money flows. Using the most innovative technology, they are on the front lines of the money-making machine.
The most common type of scheme is the reverse securitization of funds. In this type of scheme, investors are required to deposit funds into a bank before receiving the funds. The trick is to keep track of the money and make sure that the funds are not siphoned off in the process. This is easier said than done, particularly in the internet age. The best route is to use a third-party provider to follow the money trail from beginning to end.
