Financial Commission warns of copycat domain finsreg.com
The Financial Commission, an industry-specific dispute resolution service that caters to the financial services industry, today announced that it believes that a clone website appears to be impersonating its identity.
The organization states in its announcement that the suspicious website, which operates through the URL https://finsreg.com/, is attempting to replicate its branding and present itself as the Financial Commission.
As such, FinaCom PLC LTD is working with the domain registrar to have the websites removed and warned users to avoid the clone pages as they could be used in phishing campaigns. Additionally, it has filed a claim to gain control over the closely resembling domain address. This aims to ensure that traders and users can access the official materials and resources provided by the Financial Commission without confusion or compromise.
The Financial Commission also plans to take further actions against the operatives of finsreg.com, including reporting to law-enforcement authorities in order to protect unsuspecting investors and prevent future fraudulent activities.
“We remind the trading community that the Financial Commission services for traders are 100% free and our representatives will contact broker clients by phone or email only in response to an inbound inquiry received on our website and social media pages. The Financial Commission absolutely does not solicit payments or fees for its services from traders,” the statement further reads.
There have been many fake scam websites luring in victims by claiming the registration details of authorized providers. However, this practice has been mostly in connection with unregulated firms attempting to exploit the genuine company’s reputation. The illegal use of the name and logo of a regulator to gain referral commissions is a whole new level of entrepreneurial criminal audacity.
The Financial Commission plays a crucial role in resolving disputes and promoting trust within the financial services sector. By providing an independent and neutral platform for conflict resolution, it helps protect the interests of consumers and brokers alike. The organization is taking this matter seriously and is actively working to address the issue by investigating the clone website and taking appropriate measures to mitigate any potential harm caused.
The Financial Commission encourages anyone who comes across suspicious websites or activities related to its identity to report them promptly, in order to protect the integrity of its services and safeguard the interests of its stakeholders.
The Financial Commission finally noted: “The great lengths that companies may go to help perpetrate a fraud can be difficult for even the most cautious investors to detect. Be sure that the .org suffix is at the end of the URL when searching for our website, or clicking on related links when attempting to visit https://financialcommission.org and contact us to verify any email you receive from anyone claiming to be affiliated with the Financial Commission.”