Aggregated News From Investment Management Regulators

MFSA Warning – Maxellant Investment (Europe) Ltd – Unlicensed Entity

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The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity operating under the name of Maxellant Investment (Europe) Ltd (“Maxellant”) which had an internet presence at https://maxellant.com/. The website is offline at the time of this publication. Although this entity purports to operate from an address in Malta, the MFSA believes that this is not the case. The Entity claims that “Maxellant is a multi-national financial broker … We put our investors first as their success means our growth and expansion. Over the years, we’ve been investing in various markets including Forex, NFP & the Synthetic indices Market.

Maxellant is falsely claiming to hold a Category 3 Investment Services Licence issued by the MFSA. The Entity is using a falsely drawn MFSA licence document:

The MFSA wishes to alert the public, in Malta and abroad, that Maxellant is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licenced or otherwise authorised under Maltese law. Furthermore, information available to the MFSA suggests that Maxellant 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. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.

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/.

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.

This news item was originally published by the Malta Financial Services Authority (MFSA MT). For more information, see the Source Link.

Regulator Information

Abbreviation: MFSA
Jurisdiction: Malta

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