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NortenWay
On Nov 14, 2024, the Cyprus Securities and Exchange Commission (CySEC) added NortenWay to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=1931729d-39c3-4cc5-92bd-3bbac4e90eeb
On Nov 14, 2024, the Cyprus Securities and Exchange Commission (CySEC) added NortenWay to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=1931729d-39c3-4cc5-92bd-3bbac4e90eebAccording to its website, it is located in the UK and claims to be regulated by the European Financial Security Authority. After searching, no matching information was found in the Financial Conduct Authority (FCA) and European Securities and Markets Authority (ESMA).
In addition, the Cyprus Securities and Exchange Commission (CySEC) added NortenWay to its warning list, stating it does not belong to an entity that has been granted authorization for the provision of investment services and the performance of investment activities.
In essence, NortenWay 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.
NortenWay appears to be a scam.
According to its website, it is located in the UK and claims to be regulated by the European Financial Security Authority. After searching, no matching information was found in the Financial Conduct Authority (FCA) and European Securities and Markets Authority (ESMA).In addition, the Cyprus Securities and Exchange Commission (CySEC) added NortenWay to its warning list, stating it does not belong to an entity that has been granted authorization for the provision of investment services and the performance of investment activities.In essence, NortenWay 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.NortenWay appears to be a scam.
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