InfoFinance Receives Alert from FSA, Warning of Fraud: Grand Capital Ltd

The Financial Services Authority of Seychelles (FSA) has recently issued an important notice to investors regarding the website https://grandcapital.net.

Details of the warning

This website is operated by a company called Grand Capital Ltd, which claims to have registered a financial license with the FSA, providing two registered addresses: Suite 102 Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles, and Office No. 6, 1st Floor, Reliance Complex Building at Providence, Mahe, Seychelles.

In a significant development, the FSA has confirmed that Grand Capital Ltd is neither licensed nor regulated by the FSA in any capacity. Furthermore, the FSA has stated that the company's website is not associated with any entity licensed or regulated by the FSA.

This revelation has raised serious concerns in the international financial community, particularly in the context of increasing online financial fraud. The fact that a company falsely claims to have a license from a reputable regulatory body like the FSA is a clear indication of potential fraudulent activity. Such misrepresentation can lead to severe consequences for unsuspecting investors, potentially resulting in substantial financial losses and even identity theft.

In response to this situation, the FSA has issued a crucial advisory to investors and the general public. The authority emphasizes the importance of conducting thorough research on financial institutions and service providers before engaging in any transactions or providing personal information. This reminder is particularly pertinent in the digital age, where online financial transactions are increasingly common and investors have easy access to numerous internet-based trading platforms.

The FSA's action underscores the vital role of regulatory oversight in the rapidly evolving landscape of online financial services. It highlights the need for constant vigilance among investors and the general public when dealing with online financial platforms.

Safe Investing with InfoFinance

For any complaints regarding a brokerage firm, follow these steps to report to InfoFinance promptly:

1. Visit the official InfoFinance website at https://infofinance.com/

2. Click on the "Report Broker / Complaint" tab on the homepage.

3. Click on "Submit Report / File a Complaint" to begin reporting the issues you are facing.

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This warning aims to protect investors from potential financial risks associated with unlicensed and fraudulent trading practices. Always verify the legitimacy of trading platforms before making investment decisions to safeguard your financial interests.