ob体育

ob体育 is aware of a fake website and social media page called Market Makers Insider/MMI Forex that is misleading and scamming investors. The pages:

• wrongly display ob体育 Chair James Shipton鈥檚 name and photos to give the impression that he is the CEO of the fake entity;
• falsely claim that it buys 鈥渙b体育 Insurance鈥� on a weekly basis; and
• falsely claim traders will see high returns of 70% from the scheme.听

What to look out for before investing听

Scammers use sophisticated websites and issue fake online press releases that make false claims of outstanding performance. ob体育 never gives permission to use its logo or the names of its staff and leaders to promote financial products or services.听

When deciding to invest via a website:听

1. Make sure that the entity operating the website is who they are claiming to be. Verify the company鈥檚 contact details independently and check that the Australian Financial Services Licence (AFSL) number displayed on the website matches ob体育鈥檚 registers as well as information obtained from independent web searches, as scammers often try to impersonate licensees by adding their AFSL number to their websites.
2. Search听ob体育鈥檚 registers听and compare a company鈥檚 registered office address to the address displayed on the website.
3. Check if the company was incorporated recently. If the site claims the company has 20 years of successful investment and 10,000 clients, but was registered 2 years ago, you know it鈥檚 a scam.听Visit the Moneysmart website for more information and听.听

Report scams听

If you see the ob体育 logo or references to ob体育 staff being made by companies,听submit a report of misconduct to ob体育. Include a link to the website or copy of the scam. Reports from the public provide ob体育 with valuable intelligence. ob体育 uses the information to target entities with more intensive surveillance. Where we identify unlawful conduct or practices that harm investors, ob体育 can consider its full suite of regulatory tools and enforcement powers to take action.

听