Aggregated News From Investment Management Regulators

MFSA Warning – Advent Trading Limited – Clone – MFSA

Report/Flag

Please complete the required fields.



The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity operating under the name of Advent Trading Limited which has an internet presence at https://adventtradingltd.com/ however, the website is currently offline. This website is using the details of a Maltese Registered Company, Advent Trading Limited (C 49576), which does not offer financial services. Fraudsters are using the details of this genuine company in an effort to deceive the public.

The MFSA wishes to alert the public, in Malta and abroad, that https://adventtradingltd.com/ is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any investment services or any other financial services which are required to be licensed or otherwise authorised under Maltese law. Additionally, the Authority confirms that https://adventtradingltd.com/ has NO association with the Maltese registered company Advent Trading Limited (C 49576).

The website https://adventtradingltd.com/ therefore appears to be a clone of the legitimate entity and the public should therefore refrain from undertaking any business or transaction with the false entity.

Maltese Registered Company Clone
Advent Trading Limited Advent Trading Limited
https://vertibus.com/ https://adventtradingltd.com/
C 49576 N/A
MRA048D, Industrial Estate, Marsa MRA048D, Industrial Estate, Marsa
Maltese registered company.
Not licensed to provide financial services.
Not registered in Malta.
Not licensed to provide financial services.

Furthermore, information available to the MFSA suggests that https://adventtradingltd.com/ is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. A list of entities licensed by the MFSA can be viewed on the official website of the MFSA at https://www.mfsa.mt/financial-services-register/.

For more information on clone companies please refer to the Scam Detection Guidelines issued by the MFSA at https://www.mfsa.mt/consumers/scams-warnings/typical-scams/. If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises.



Source link

Regulator Information

Abbreviation: MFSA
Jurisdiction: Malta

Recent Articles

Adjudication order in the matter of Jaybharat Textiles and Real Estate Ltd. and KSL and Industries Ltd.

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Consumer warning on Coinburp Limited

The FCA has become aware of promotional material indicating that Coinburp Limited (the Firm) is intending to launch the CoinBurp $BURP Token and Initial...

Notice of Attachment of Bank Accounts and Demat Accounts 7016 & 7017 of 2021 dated July 23, 2021 against Shri Manoj Bhandari [Defaulter]...

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Remittance Order – Vandna Arora in the matter of dealing in Illiquid Stocks Options at BSE

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Remittance Order – Aplaya Creations Limited, Ramawtar Gupta, Pramod Kumar Gupta [Defaulters], jointly and severally, in the matter of Aplaya Creations...

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Get the latest from Regulatory.News in your inbox!

×