In today's digital age, the rise of scam brokers has become a significant concern for investors worldwide. These brokers often present themselves as legitimate companies, offering attractive investment opportunities while hiding their lack of regulation and transparency. One such example is CorpMoon Asset Management, which claims to provide a comprehensive range of investment services. However, a closer examination reveals alarming inconsistencies in its regulatory standing, making it a potential threat to investors' hard-earned money. Caution is advised when dealing with such entities.
CorpMoon Asset Management claims to be a leading global firm offering a broad range of investment strategies for institutional and retail clients. Founded over 15 years ago, this US-based company claims to manage assets worth $1,329 billion globally across 22 countries.
CorpMoon promotes fast service delivery, expert-driven portfolio management, and diverse asset class offerings, including forex, equities, and commodities. However, the firm's unregulated status raises concerns, casting doubt on its trustworthiness and the safety of client funds despite its claims of professional service and innovation.
The screenshot of CorpMoon's website
BrokersView reviewed CorpMoon Asset Management on 2022-08-18, revealing it as an unregulated broker. Despite its reputable firm claims, CorpMoon does not provide any regulatory information, raising serious red flags. While based in the USA, the company should be regulated by the National Futures Association (NFA), but no such record exists.
Finland's Financial Supervisory Authority (FIN-FSA) also suspects CorpMoon of offering unauthorized investment services.
Without regulatory oversight, entrusting funds with CorpMoon poses significant risks for investors.
Finland financial regulator has warned CorpMoon.
After thorough research, no client reviews or feedback regarding CorpMoon Asset Management have been found, raising concerns about the transparency and reliability of the firm's operations.
Scam activities, especially in the financial sector, threaten individuals and society significantly. These fraudulent schemes can lead to devastating financial losses, pushing families into debt and poverty. When people lose their life savings to scam brokers or investment schemes, their trust in legitimate financial institutions erodes, destabilizing the economic system.
In addition, scams drain resources from productive sectors, reducing consumer spending and overall economic growth. Vulnerable populations, such as older people, are often targeted, leading to emotional and psychological distress. The prevalence of scams also strains law enforcement and regulatory bodies, diverting their efforts from other important matters.
Scam activities have far-reaching consequences that ripple through society, affecting financial stability, trust, and economic well-being. Combatting these schemes is essential to safeguarding the community from long-term harm.
CorpMoon Asset Management's lack of regulatory status and questionable practices raise serious red flags. It's crucial to avoid entrusting funds to unregulated entities like this. Brokersview is vital in providing transparent reviews to protect investors from scams.