The Swedish Financial Supervisory Authority (Finansinspektionen, FI) has added five new names to its public warning list of entities that lack the required authorisation to operate in Sweden and are linked to fraud targeting consumers through bogus loans and investment offers. The new names are Lumina Capital Ltd/TradingLevel, MedMera Shore (clone), Pinnacle Trades Net, Marketside (clone) and Finadox. FI notes that scammers often make unsolicited contact by phone, social media or email, and that fake loan offers frequently involve demands for upfront fees with no loan ever paid out; legitimate lenders or intermediaries do not work this way. FI also reports issuing warnings for more than 120 scam names since the start of the year, cautions that fraudsters can quickly change names, and advises consumers to check both FI’s warning list and its register of authorised firms, as well as IOSCO’s I-scan database of international alerts.
Finansinspektionen 2025-06-16
Swedish Financial Supervisory Authority adds five suspected scam firms to its warning list of unauthorised operators
The Swedish Financial Supervisory Authority (Finansinspektionen, FI) added five entities to its warning list for operating without required authorization in Sweden and engaging in fraud. The entities include Lumina Capital Ltd/TradingLevel, MedMera Shore (clone), Pinnacle Trades Net, Marketside (clone), and Finadox. FI advises consumers to verify firms against its warning list, register, and IOSCO’s I-scan database, noting that fraudsters often change names and use unsolicited contact methods.