The National Commission for Financial Markets has warned investors about social media promotions for high risk contracts for difference that direct Moldovan users to open trading accounts with PU Prime. The promotions appear through the Instagram account @stefandidilica, the stefan-fx.com website and the Telegram channel @STEFANFX1, using an affiliate link and referral code to market products including precious metals CFDs. The named accounts are not associated with an authorized or licensed Moldovan capital market participant. PU Prime Ltd in Mauritius and PU Prime LLC in St. Vincent and the Grenadines are also not registered as authorized participants in Moldova. The commission noted that Moldovan law prohibits marketing, selling and distributing certain leveraged derivatives to nonprofessional clients through social networks, and urged investors to verify providers’ authorization before investing. It also cautioned that leverage can amplify losses and lead to the rapid loss of invested funds.
Moldova's National Commission for Financial Markets warns over unauthorized social media promotion of leveraged CFDs
The National Commission for Financial Markets warned that online promotions are directing Moldovan investors to trade high risk CFDs through PU Prime entities that are not registered as authorized capital market participants in Moldova. Investors should verify providers’ authorization and recognize that leveraged trading can cause rapid and substantial losses.