简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The regulator uses case studies of Porshe's IPO and Care A2's Pre-IPO. ASIC reminds that investing at the Pre-IPO stage involves higher risks.
The Australian Securities and Exchange Commission (ASIC) issued a warning on Wednesday regarding the increased number of fake initial public offering (IPO) investment scams targeting consumers and individual investors.
Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.
According to the local market financial watchdog, scammers are impersonating licensed Australian firms and promoting fake offerings. Recently, investors were offered the opportunity to invest in Porsche's IPO, which took place on the Frankfurt Stock Exchange and Care A2's pre-IPO on the Australian trading floor. The fake offers overlapped with the actual listings and led to a loss of funds. ASIC honestly admits that after transferring money to scammers, it is no longer able to help consumers.
“A company that promotes an IPO in Australia must lodge a prospectus with ASIC. It may be a scam if: the company has not lodged a prospectus with ASIC (you can check this for free through ASIC Connect), the bank accounts details do not directly match the entity you are investing with and the document contains email addresses which don't correspond with relevant corporate email addresses,” ASIC commented in the press release.
ASIC warns that investing at the Pre-IPO stage may involve higher risks for retail traders. Offerings targeting the general public, especially distributed by emails, tend to be illegal and fraudulent. Therefore, the regulator recommends taking extreme caution when investing.
The Australian Competition & Consumer Commission (ACCC) and ASIC announced the start of Scams Awareness Week 2022 on Monday. The regulator publishes information on recognizing and avoiding particular investment frauds throughout the whole week. Firstly, it warned against cryptocurrency scammers and has now turned its attention to fake IPOs.
The Australian financial market watchdog continues its efforts to protect retail investors better. Last week, it heralded a list of 12 'Enforcement Priorities' for next year, including greenwashing, social media misinformation and cryptocurrencies. In August, the market governor asked brokers to 'reconsider' offering high-risk trading products to protect consumers.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
PayPal's PYUSD stablecoin can now transfer across Ethereum and Solana, enhancing flexibility for users through a LayerZero cross-chain integration.
A forex broker named Exnova has recently come to our attention. This broker is registered in Saint Vincent and the Grenadines and started its business in 2021. In this article, we will dig into this broker deeply and provide some information if you are interested.
The scammer behind a $73 million pig butchering scheme has pleaded guilty to defrauding victims through fake cryptocurrency investments.
South Korean authorities recently dismantled a large-scale cryptocurrency scam, allegedly orchestrated by a popular YouTuber referred to as Mr. A, which misled over 15,000 investors and amassed nearly 325.6 billion Korean won (approximately $232.7 million USD).