Luxembourg Financial Regulator Warns of Illegal Financial Entity Posing as Legitimate Company

On February 10, Luxembourg's Commission de Surveillance du Secteur Financier (CSSF) issued a warning against an illegal website posing as a legitimate local company, cautioning people to be careful when dealing with the entity.

According to the regulator, a financial service provider is posing as a Luxembourg-based financial holding company, Landson Financial Holding S.A., offering financial services to the public and conducting illegal activities through the website www.landsonfinhold.com.

The illegal website claimed investors can open accounts through the platform to trade a wide range of financial instruments, including Forex, cryptocurrencies, commodities, stocks and indices, to “uncover limitless trading opportunities.”

At the same time, the impostor promised to provide fund protection under the regulations of CySEC, the Cypriot financial regulator. In fact, the Cyprus Securities and Exchange Commission's list of regulated entities does not include any investment company named “Landson”. Obviously, this financial trading platform is not authorized by CySEC.

_{The impersonator claims to be regulated by CySEC}

_{The CySEC does not regulate any entity named 'Landson'}

In order to help investors identify the illegal entity, the Luxembourg regulator also published the email address and telephone number used by the imposters, as well as the address of their alleged office, while emphasizing that the fraudulent website has no connection with the Luxembourg-based financial holding company Landson Financial Holding S.A.

_{The CSSF warns illegal website}