Scam ALERT: Folionet Financial Clone Website Added to Warning List

The Financial Commission / Regulatory Actions / Scam ALERT: Folionet Financial Clone Website Added to Warning List

The Financial Commission has been notified by concerned traders regarding the clone website of Folionet Financial (the company IS NOT affiliated with Folionet Financial LLC – fully regulated US broker that follows all the guidelines from SEC, FINRA and SIPC)

 

 

Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated website may be used to scam and defraud traders and investors. As such, the Commission does not recommend doing business with this entity, either individuals purporting to represent this clone broker on social media and in private messages on popular messaging apps. Given this information, clone website of Folionet Financial will be placed on the Financial Commission’s Warning List.

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