The Commission de Surveillance du Secteur Financier (CSSF) has issued a warning concerning fraudulent activities by an entity known as InvestSecuritiesGroup. This announcement was made public on the CSSF's official website on January 17.
According to the CSSF, InvestSecuritiesGroup is operating fraudulently through the website investsecuritiesgroup.com and using email addresses such as support@investsecuritiesgroup.com and FirstName_LastName@investsecuritiesgroup.com. Despite claims of being based at 20 rue Eugène Ruppert, L-2453 Luxembourg, the entity is not authorized by the CSSF to offer investment or financial services in Luxembourg and is not under its supervision.
The CSSF, along with other European and international authorities, regularly issues warnings to inform the public about potential fraud and illegal activities conducted by unregistered service providers and individuals. These warnings are not exhaustive, indicating that additional fraudulent entities may exist. For further protection against financial fraud, the CSSF provides advice and resources for identifying and avoiding fraudulent providers.
The regulatory framework of the CSSF incorporates international, European, and national rules guiding its supervisory role. It aligns with guidelines from bodies such as the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) to ensure consistent supervisory practices. These guidelines are not automatically enforceable unless a competent authority declares compliance. The CSSF may integrate these guidelines through administrative tools like Circular CSSF.
As Luxembourg’s public authority overseeing the financial sector, the CSSF ensures market integrity and consumer protection by supervising authorized entities for compliance with regulations aimed at preventing fraud, money laundering, and terrorist financing. It applies international standards with a risk-based approach to supervision while fostering transparency and accountability. The CSSF collaborates with national and international bodies to maintain financial stability and uphold good governance practices.