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A reliable firm Rich Point Capital?
Billy Wright
Cyprus
Mar 17, 2025
ANSWER Dear Investor, Our investigation has identified significant concerns regarding the legitimacy of Rich Point Capital, strongly suggesting it is not a trustworthy platform. The website references a broker named Nocim Venture Inc., claiming it is registered with the Financial Services Authority (SVG FSA). However, upon investigation, we found no corresponding records in the SVG FSA's database to verify this claim. Additionally, although the company lists an address in the UK, no evidence was found in the records of the Financial Conduct Authority (FCA) to substantiate its operations there. Moreover, the Ontario Securities Commission (OSC) has issued a warning against Rich Point Capital, indicating that it may be providing financial services or products without the necessary authorization. The evidence strongly points to Rich Point Capital being a potential scam. We strongly advise against engaging with this entity to protect your financial security.
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Is Rich Point Capital legally registered?
Valerian
Georgia
Jan 21, 2025
ANSWER Dear Investor, Thank you for reaching out. We are concerned that Rich Point Capital is a scam for the following reasons: Firstly, Rich Point Capital solely relies on its claim of registration with the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA) to appear legitimate. However, we found this claim to be baseless, as there are no corresponding records on the SVG FSA register. Secondly, Rich Point Capital does not provide any other valid licensing information to demonstrate its compliance with the industry, indicating that it may not be properly authorized or regulated. Thirdly, the Ontario Securities Commission (OSC) has issued a warning about Rich Point Capital for carrying out unregistered investment activities. This is a significant warning sign. Therefore, we have reasons to suspect that Rich Point Capital is a scam and strongly advise against trading with this unregulated broker. Otherwise, your money entrusted with Rich Point Capital may be lost forever as there are no legal protections in place.
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