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USDETF
On July 19, 2024, the Securities Commission of The Bahamas (SCB) added USDETF to warning list for offering financial services or products without their permission. https://www.scb.gov.bs/wp-content/uploads/2024/07/Public-Notice-No.-7-of-2024-Entities-Not-Regulated-by-the-Securities-Commission-of-The-Bahamas.pdf
On July 19, 2024, the Securities Commission of The Bahamas (SCB) added USDETF to warning list for offering financial services or products without their permission. https://www.scb.gov.bs/wp-content/uploads/2024/07/Public-Notice-No.-7-of-2024-Entities-Not-Regulated-by-the-Securities-Commission-of-The-Bahamas.pdfUSDETF uses exaggerated languages and unknown awards to establish credibility. However, without any solid evidence of its legitimacy, such as licensing details and accreditation, such claims are questionable. Its assertion of being regulated by the Securities Commission of The Bahamas (SCB) has been debunked by the SCB itself. The authority has added USDETF to its warning list as one of the unauthorized companies.
In essence, USDETF 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.
USDETF appears to be a scam.
USDETF uses exaggerated languages and unknown awards to establish credibility. However, without any solid evidence of its legitimacy, such as licensing details and accreditation, such claims are questionable. Its assertion of being regulated by the Securities Commission of The Bahamas (SCB) has been debunked by the SCB itself. The authority has added USDETF to its warning list as one of the unauthorized companies.In essence, USDETF 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.USDETF appears to be a scam.
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