

Italy’s financial watchdog CONSOB has warned that the company CVC Ltd, with headquarters in Anguilla and operating under the brand “CVC Groups”, must not be confused with the companies belonging to the CVC Capital Partners Ltd. group. Clearly, the clone CVC Ltd. does not have an authorization to provide investment service and conduct investment business by any means, including through the website www.cvcgroups.com, where it offers trading in forex.
This is not the first time CVC Ltd. is in the sights of the regulators. In February France’s AMF has put it on a warning list of unauthorized websites and entities offering forex trading on the French market.
Meanwhile, the AMF continues its crusade against binary options scams. In the end of April it published a statement, cautioning the investors to be careful with the Preditrend binary options software solution. In its publication the watchdog notes that in the past several weeks Preditrend has launched a massive advertising campaign through various channels.
“The campaign describes the solution as a guaranteed money maker and puts forward various claims, such as “a success rate of 70%, “the average success rate can go as high as 75%” and “more than three out of four trades are expected to turn a profit”, writes AMF. But in reality, investors are asked to bet on binary options through several websites, including predi-trend.com, preditrend.com and starupf5.com. All of them, according to the French watchdog, are linked to WGM Services Ltd., a Cypriot company, operating under the name Eztrader. It, according to the AMF has been recently penalized by the local regulator, CySEC. “Because of the highly risky nature of the products offered (binary options) and the imbalanced nature of the advertising, the AMF urges individuals to exercise extreme caution specifically with regard to Preditrend and more generally when faced with any site touting the benefits of an algorithm and linking to an online trading platform.”