The financial authorities issued some strong advice to potential investors in the cryptocurrency space, much caution required. There are several scams disguising themselves as cryptocurrency businesses or advisory firms to collect people’s monies unlawfully. U.S. financial regulators, U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), recently issued a joint warning to investors. They are strongly advising them to be extra cautious and carry out necessary due diligence ahead of investing in the crypto space. A warning was issued via by the SEC’s Office of Investor Education and Advocacy and the Office of Customer Education and Outreach at the CFTC. The financial authorities detailed crypto-related investment scams in which perpetrators are disgusting their scams as cryptocurrency trading businesses and advisory firms, in order to collect funds from unsuspecting investors. The notice from the regulators noted: In some cases, the fraudsters claim to invest customers’ funds in proprietary crypto trading systems or in ‘mining’ farms. The fraudsters promise high guaranteed returns (for example, 20-50%) with little or no risk,” according to the warning. “After the investors make an investment, typically using a digital asset such as Bitcoin, the fraudsters in some cases stop communicating with the investors altogether. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Wall Street sees the DJIA continue in its technical pull-back FX Street 4 years The financial authorities issued some strong advice to potential investors in the cryptocurrency space, much caution required. There are several scams disguising themselves as cryptocurrency businesses or advisory firms to collect people's monies unlawfully. U.S. financial regulators, U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), recently issued a joint warning to investors. They are strongly advising them to be extra cautious and carry out necessary due diligence ahead of investing in the crypto space. A warning was issued via by the SEC's Office of Investor Education and Advocacy and the Office of Customer Education and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.