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Genesis Capital
On July 11, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the company Genesis Capitals and the services it is offering at website genesis-capitals.com, noting that it is operating without the required authorization. In addition, BaFin confirmed that MMS Singular LTD was removed from the British commercial register in June 2023. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_06_26_GenesisCapitals_en.html
On July 11, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the company Genesis Capitals and the services it is offering at website genesis-capitals.com, noting that it is operating without the required authorization. In addition, BaFin confirmed that MMS Singular LTD was removed from the British commercial register in June 2023. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_06_26_GenesisCapitals_en.htmlGenesis Capital claims to be an online trading platform operated by MMS SINGULAR LTD, a company supposedly registered in the UK. However, as the Federal Financial Supervisory Authority (BaFin) has found, this company has already been dissolved and lacks the necessary authorization from the Financial Conduct Authority (FCA).
BaFin has issued a warning against Genesis Capital, alerting the public to stay away from this unauthorized company and its brand.
In essence, Genesis Capital is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Genesis Capital appears to be a scam.
Genesis Capital claims to be an online trading platform operated by MMS SINGULAR LTD, a company supposedly registered in the UK. However, as the Federal Financial Supervisory Authority (BaFin) has found, this company has already been dissolved and lacks the necessary authorization from the Financial Conduct Authority (FCA).BaFin has issued a warning against Genesis Capital, alerting the public to stay away from this unauthorized company and its brand.In essence, Genesis Capital is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Genesis Capital appears to be a scam.
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