- Jul 25, 2023 The Luxembourg's CSSF issues a warning against LIKEWOOD
On July 26, 2023, the Financial Industry Authority (CSSF) of Luxembourg issued a warning against LIKEWOOD, saying it is not regulated by the CSSF and not authorized to offer financial services in or from Luxembourg. https://www.cssf.lu/en/2023/07/warning-concerning-the-fraudulent-activities-carried-out-by-the-entity-likewood-invest-ltd-wood-finance-limited-and-usurpation-of-the-name-and-logo-of-the-cssf-as-well-as-of-the-name-of-the-maltese/
- Jul 27, 2023 BrokersView has reviewed that LIKEWOOD is an unregulated broker
LIKEWOOD claims that it is operated by Likewood INC Limited, a company have offices in the UK and Hong Kong, respectively. However, we searched in the registers of the Financial Conduct Authority (FCA) and the HK Securities and Futures Commission (HK SFC) for this company but no matching records have been found. This is a red flag.
Furthermore, the Financial Industry Authority (CSSF) of Luxembourg has issued a warning against LIKEWOOD, cautioning the public of this unauthorized firm.
In essence, LIKEWOOD is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
LIKEWOOD claims that it is operated by Likewood INC Limited, a company have offices in the UK and Hong Kong, respectively. However, we searched in the registers of the Financial Conduct Authority (FCA) and the HK Securities and Futures Commission (HK SFC) for this company but no matching records have been found. This is a red flag.
Furthermore, the Financial Industry Authority (CSSF) of Luxembourg has issued a warning against LIKEWOOD, cautioning the public of this unauthorized firm.
In essence, LIKEWOOD is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
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