Cetera-financial Key Facts
🔴 Cetera-financial offers questionable investment opportunities – a clear sign of a scam!
🔴 Cetera-financial forges crucial contact information – beware!
🔴 Cetera-financial lacks the appropriate license for the provision of its services – a huge red flag!
🔴 Cetera-financial domain has been registered extremely recently – another off-putting detail!
Cetera-financial products and services
Cetera-financial offers investment plans that might seem too lucrative to be true – starting from 20% ROI daily. This is impossible for Cetera-financial to achieve, of course – the company is simply trying to pocket as much of your deposits as it can and run.
People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.
Cetera-financial company and regulation
Cetera-financial claims to be US licensed and offers a certificate from the UK Companies House to prove it – as you can imagine that would not prove the company is authorized to deal in the States even if the House were the regulatory body in the UK. Cetera-financial is not licensed in either the States or Britain.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Cetera-financial address and contacts
Cetera-financial claims to operate on the following address – 200 NORTH MARTINGALE ROAD SEVENTH FLOOR SCHAUMBURG IL 60173 USA. This is impossible without a license from the US authorities.
Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy.
Cetera-financial website info
Cetera-financial's domain has only been around since the beginning of April 2021 – this makes it less than a month old. This is an obvious scam. Of course, with a domain that has been running for less than 30 days, SimilarWeb has no information on it either – that is due to the low traffic it receives. The domain does not get picked up by DNS probes due to its extreme short lifespan as well. And the owners of it are completely anonymous as well – with them hiding their identities from WhoIs lookups in a blatant breach of the priciples of transparency we have outlined above.
Scam warning
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.