CRFIN Press Release Translated from Russian to English
Forex Deposit (www.forex-deposit.com) and Rockwell Partnerts SA (www.rockwell-partners.com) have been included in the blacklist of TSRFIN, Russian FX self regulatory organization. Both websites promise customers implausible and / or a guaranteed rates of return, the websites also offer substantial bonuses to attract customers who do not have sufficient transparency in terms and show signs of a false promises.
Thus, as of June 6, 2014 the blacklist of TSRFIN includes 30 companies. 22 on the list at the beginning of June 2014 had already ceased to exist.
TSRFIN warns citizens, said that investment in the Internet project may be associated with an increased risk of loss of some or all of your investment.
Once made public, getting rid of 22 out of 30 operations online is a fine achievement. Russia continues to move forward with state regulated Forex brokerage rules, it is only a matter of time. CRFIN just last week added ad agency exec Catherine Gorlov to its board, to be in charge with the development of standards and corporate ethics rules in FX advertising.
View the full blacklist here.