ASIC Warns Against Companies Displaying Fake ASIC Endorsements
The Australian Securities and Investments Commission (ASIC) today issued a warning against a number of entities including Global Capital Swiss, COIN POBIT, A Glance Group LLC displaying fake ASIC endorsements.
According to the Australian regulator, it is aware of websites displaying or linking to fake ASIC company registration certificates. These certificates look like ASIC documents, or use ASIC’s logo, but they contain information about companies that are not registered.
Notably, registration does not guarantee the quality of a company and does not represent ASIC endorsement. A website that displays an ASIC company registration certificate as a way of promoting a business could be a scam. If a company claims it is registered, but there is no record of registration on ASIC’s website, it could be a scam.
As Fazzaco reported, ASIC has updated its class order on exchange traded funds (ETF) to allow ETF issuers to use overseas market makers.
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