CONSOB says that through the website https://fincloud.life (the website is active, anonymously registered and available in Italian), it offers potential investors the possibility to trade CFDs related to currencies, indices and commodities, as well as stocks sex. In particular the https://fincloud.life website mentions six types of accounts, called "Start", "Standard", "Silver", "Gold", "Platinum" and "diamond". At the bottom of the page on the https://fincloud.life website, it says "This website is owned by Surreptitious Group LLC, located in Saint Vincent and the Grenadines".

The announcement stated: Order Surreptitious Group LLC, registered in Saint Vincent and the Grenadines, to stop placing orders through the independent website https://fincloud.capital, through the domain name https://fincloud.center and related webpages https://webtrader. fincloud.live, as well as violations of Article 18 of the Consolidated Finance Act (Tuf) via the additional website https://fincloud.world. .

For details, click → (https://www.consob.it/web/area-pubblica/bollettino/documenti/hide/interdittivi/divieto/2022/d22450.htm)

As early as March this year, the Spanish National Securities Market Commission (CNMV) also issued a warning.

According to paragraph 2 of Article 17 of the Securities Market Law (approved by the restated text of Royal Decree No. 4/2015 of October 23), CNMV warns: SURREPTITIOUS GROUP LLC The corresponding website is not authorized to provide investment services provided for in Article 140 of the Spanish Securities Market Act, including investment advice, or to provide ancillary services as detailed in Article 141(a), (b). 141(a), (b), (d), (f) and (g) of the Ancillary Services Act in relation to financial instruments referred to in Article 2 of the Act, including foreign currency transactions for this purpose .

At present, the official website of Fincloud can still be accessed normally, which also means that more investors may face potential losses.

According to its official website, Fincloud claims that over the years, the company has become one of the leading brokers in the industry. Fincloud's mission is to provide clients with professional services: forex trading, index, stock and commodity trading, account management and investing, market analysis and a high level of customer service. For Forex, over 66 currency pairs are available.

In terms of accounts, Fincloud has prepared six different account types for its customers: "Start", "Standard", "Silver", "Gold", "Platinum" and "Diamond" according to the deposit amount, and the corresponding discounts are also different. Different, the larger the amount, the better the service.

Regarding the ownership of the website operation, it emphasized that the website belongs to Surreptitious Group LLC, a company registered in Saint Vincent and the Grenadines. However, key information such as supervision has not been disclosed. and states that the information on the website does not apply to residents of the United States, Afghanistan, France, Ukraine, Iran, Iraq, Japan, Canada, British Columbia, Israel, and the United Arab Emirates.

Faced with such complicated and various regulatory information, it is difficult for ordinary investors to distinguish true from false, and it takes time and effort to verify.

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