The Cyprus Securities and Exchange Commission (CySEC) has become aware of false and misleading posts on public review websites such as TrustPilot.com and Google Business.
In these posts, users have reported incidents of individuals posing as CySEC officers or representatives contacting investors, demanding fees in exchange for facilitating the recovery of investment losses in companies regulated by CySEC.
The regulator notes that there has recently been an increase in cases where individuals fraudulently present themselves as representatives of CySEC, both through email and fake accounts on online platforms and urges the public to be alert to these scams.
To support its aim to protect investors, CySEC employs social media listening tools that have the capacity to monitor social media posts in real time,…
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