Quebec court has imposed a fine of CAD 1.54 million (USD 1.12 million) on Alain André Desarzens, an operator of a high-yield investment program. The legal decision comes after an investigation by the Quebec financial markets regulator AMF, which showed that Mr Desarzens was running numerous HYIP promotions online and via emails. He was promising…
Read moreThe Swiss financial markets regulator is warning regarding the activities of Sony Online Investment, which shows the signs of a high-yield investment program.
Read moreGreat Trade, which shows signs of a high-yield investment program, misuses the data of MahiFX, including the names of the senior management of the Australian retail Forex broker.
Read moreOntario's provincial regulator has warned that Nix Investment is not licensed to carry out business in the Canadian province. The company targets retail investors with no prior experience and promises a return of $20,000 in 5 years for a $100 deposit
Read moreThe company pledges its clients can receive returns on investment of up to 1700% in just two hours, whereas there is no clarity on how investors' funds are used.
Read moreRussia's Forex self-regulatory organization says the company promises artificially high returns on investment to its clients.
Read moreRussia's watchdog takes matters like financial literacy seriously and is seeking to inform the youngest population about risks associated with alternative forms of investment.
Read moreRegulatory authorities have continued their disapproving stance with regard to FX schemes which promise very high returns, this time with the NFA banning Texan managed account provider McElhannon Group and its owner, for promising 457% return over a 13 year period
Read moreAccording to CRFIN, potential investors should exercise caution when dealing with FxPresent, as it shows signs of being a HYIP by promising what the self-regulatory organization considers to be unrealistically high returns and guaranteed bonuses
Read moreTwo Indian FX high yield investment plan (HYIP) operators have become the subject of charges by the Securities and Investments Commission in the United States for promoting an illegal scheme via popular social media sites
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