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Magnum Holdings
On August 14, 2024, the BC Securities Commission Invest Right (BCSC) issued a warning against Magnum Holdings believing this company might be providing financial services or products without proper authorization. https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/magnum-holdings
On August 14, 2024, the BC Securities Commission Invest Right (BCSC) issued a warning against Magnum Holdings believing this company might be providing financial services or products without proper authorization. https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/magnum-holdingsAccording to its website, it claims to be regulated and provides two addresses: Norway and Dubai. Upon investigation, no matching information was found in the Finanstilsynet, Norway (Norway FSA), Central Bank of U.A.E. (CBUAE), DuBai Financial Services Authority (DFSA), and Securities and Commodities Authority (SCA).
In addition, the BC Securities Commission Invest Right (BCSC) issued a warning against Magnum Holdings believing this company might be providing financial services or products without proper authorization.
In essence, Magnum Holdings 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.
Magnum Holdings appears to be a scam.
According to its website, it claims to be regulated and provides two addresses: Norway and Dubai. Upon investigation, no matching information was found in the Finanstilsynet, Norway (Norway FSA), Central Bank of U.A.E. (CBUAE), DuBai Financial Services Authority (DFSA), and Securities and Commodities Authority (SCA).In addition, the BC Securities Commission Invest Right (BCSC) issued a warning against Magnum Holdings believing this company might be providing financial services or products without proper authorization.In essence, Magnum Holdings 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.Magnum Holdings appears to be a scam.
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