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MSG's seems familiar to me. Is it a scam?
whxcmdla
Samoa
2024-02-17
ANSWER MSG appears to be a fraudulent entity.Its assertions of being regulated by the Vanuatu Financial Services Commission (VFSC) are unfounded. The registration number it provides is actually associated with a different entity, which has no connection with MSG. Therefore, MSG is not licensed by the VFSC and is misappropriating regulatory information of a legitimate entity to mislead unsuspecting investors.Regarding its claimed registration with the National Futures Association (NFA), our investigation indicates that its NFA ID is merely for tracking and does not imply regulatory oversight.As a result, MSG is a deceptive operation, posing significant risks of fraud and identity theft. To protect your interests, it's recommended to avoid MSG and similar unlicensed platforms. Instead, consider fully regulated trading platforms to mitigate such risks.
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