Caution Investors ewgholding.com/fr, investir-dans-l-or.site.sitekick.ai, mevent-bottom416.com, and truffis.com – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Introduction
In a bid to safeguard investors and their hard-earned savings, the Autorité des Marchés Financiers (AMF) has issued a recent warning against several companies that are offering atypical investments without the necessary authorization [1]. The AMF continually updates its blacklist to notify the public of new websites and entities engaging in unauthorized investments in France. Among the companies listed as unauthorized to offer investments in various assets are ewgholding.com/fr, investir-dans-l-or.site.sitekick.ai, mevent-bottom416.com, and truffis.com.
Regulation and Compliance
The AMF, an independent public authority, is tasked with the crucial responsibility of ensuring the protection of savings invested in financial products and providing investors with essential information. Additionally, it oversees the orderly functioning of financial markets [1]. Any entity intending to offer investments in various assets must be registered with the AMF for legitimate marketing. The list of authorized offers in various assets is readily available on the AMF website. Notably, since January 1, 2023, the AMF has added five websites to its list of unauthorized entities offering atypical investments. In 2022, this list grew by 20 websites, with 12 of them falling under the “wine” category [1]. The complete list of entities lacking authorization to offer investments in diverse assets can be found on the AMF website (under the Retail Investors → Warnings → Blacklists section) and the Assurance Banque Épargne Info Service – ABEIS website (under Épargne → Protecting yourself against scams → Blacklists of unauthorized websites and entities) [1].
Reputation
Ewgholding.com/fr is one of the unregulated investment platforms that have caught the AMF’s attention, much like Ortnex, a platform previously reviewed [2]. ScamWatcher, an online resource for tracking fraudulent activities, has expressed skepticism regarding their investment methods [2]. As for the other companies featured in the warning, there is a notable absence of customer reviews to provide insight into their reputation and practices.
Customer Support and Customer Reviews
Unfortunately, there is a dearth of information concerning the products, services, and location of the unauthorized companies listed in the AMF’s warning. Additionally, details about the customer service provided by these entities remain elusive. This lack of transparency raises further concerns about the legitimacy of these companies.
Conclusion
Investors should exercise extreme caution when considering atypical investments and only engage with offers that have received the necessary authorization. The AMF’s continuous updates to its blacklist of unauthorized entities offering atypical investments serve as a valuable resource for investors in France. Prior to committing any funds, potential investors are strongly advised to consult the AMF’s list of unauthorized entities. It is crucial to understand that investing in unauthorized entities can result in substantial financial losses.
In a landscape where fraudulent schemes can quickly erode investments, staying informed and vigilant is paramount. By heeding the AMF’s warnings and conducting thorough due diligence, investors can significantly reduce their exposure to potential financial harm.
Citations:
[1] AMF – “AMF warning to the public against several companies proposing atypical investments without being authorized” (https://www.amf-france.org/en/news-publications/news-releases/amf-news-releases/amf-warning-public-against-several-companies-proposing-atypical-investments-without-being-authorised-2)
[2] ScamWatcher – “Ewgholding Review” (https://scamwatcher.org/ewgholding-review/)
