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ABUSA
Regulators:
It is strongly advised against trading with ABUSA, an unlicensed broker posing substantial risks.
The broker claims to be located in London, yet no corresponding records were found in the Financial Conduct Authority (FCA) database. Although ABUSA appears to have registration with the Financial Crimes Enforcement Network (FinCEN), such registration alone does not authorize the provision of financial services or products within the USA legally. To demonstrate its legitimacy, it is required to be a member of the National Futures Association (NFA). But no corresponding records exist in the NFA register.
Compounding these concerns, the Securities And Futures Commission (SFC) of Hong Kong has issued a warning against ABUSA, indicating that the company may be offering financial services or products without proper authorization.
Based on the evidence, it is prudent to exercise caution, as ABUSA exhibits characteristics commonly associated with fraudulent operations. Investors are strongly advised to opt for fully regulated brokers instead of unregulated ones like ABUSA.
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