The Financial and Consumer Services Commission (FCNB) of New Brunswick has issued an important warning to local investors regarding the company LumineTrade.com.
As of April 18, 2024, this company is not registered to deal in or advise on securities within the province. For an in-depth look, you can read a comprehensive LumineTrade Review.
Company Details:
- Name: LumineTrade.com
- Address/Location: London, United Kingdom (alleged)
- URL: https://www.luminetrade.com/
Key Information:
The website claims to operate out of London, United Kingdom. However, upon further investigation, it was discovered that the domain registration points to Kuala Lumpur, Malaysia.
This discrepancy raises significant red flags regarding the legitimacy and trustworthiness of LumineTrade.com.
Why This Matters:
For investors in New Brunswick, engaging with unregistered companies poses a considerable risk.
These entities are not subject to the regulatory standards and protections enforced by the FCNB, which are designed to safeguard investors from fraudulent and unethical practices.
What You Should Do:
- Verify Registration: Always check if a company is registered with the FCNB before investing.
- Research Thoroughly: Look into the company’s background, reviews, and domain registration details.
- Be Cautious: Be wary of companies with inconsistencies in their provided information, such as mismatched addresses and domain registrations.
For further details on the FCNB’s official warning, visit FCNB’s warning about LumineTrade.com.
The FCNB urges all investors to exercise due diligence and remain vigilant to protect their financial interests.
If you have been approached by LumineTrade.com or have invested with them, contact the FCNB immediately for guidance and support.
