Fraud & Corruption

Why we have a robust regulatory position

The presentation of programs, instruments or bond fraud involves bogus brokers or consultants and is usually based on cold calling or emailing, which involves looking for buyers with a promise of high returns. In reality, if you're not engaging directly with the principal or institution, 90% of the time what's being presented is worthless or non-existent.

Companies or individuals are usually contacted out of the blue by professional-sounding brokers who offer investment opportunities that seem too good to be true. You are also promised free research reports, special discounts and ‘secret’ stock tips.

In reality, the broker fraudsters are cold calling as many people as possible, persuading them to look at what their presenting, which is either non-existent or so worthless they are impossible to sell.

In today’s secondary market it is not unusual for broker fraudsters to provide false share certificates and other documents to make the investments seem credible.

Share sale fraudulent instruments usually start with brokers making themselves more than what they are, by starting to use hard-sell techniques, broker fraudsters always try to pressure the opposing party into making rushed decisions, giving no time to consider the nature of the investment.

First Edge is a company based in the secondary market, which sees more fraudulent acts than most primary companies, which has a robust regulatory position for anyone who wishes to transact in the financial or commodity market, which is why we’ve always taken most of the modules used by compliance primary companies, we’ve always encouraged all our clients and associates to keep their financials and personal documents secret. Investors and companies should never commit to any transaction without ensuring theirs been a complete check on the individual or company who’s presenting any transaction. In most cases, this should allow most fraudsters or bad brokers to show the real nature of their scheme or their inexperience in what their presenting.

Bad brokers and Fraudsters will always aim to make each of their transactions seem legitimate, so they will often use technical jargon, impressive job titles and mock websites to appear credible.

We at first edge take financials and bond fraud seriously, which is why over the years we’ve taken the step of building a global database of all the usual known suspects and scammers, who try to transact in fraudulent deals.

We also know theirs many brokers who’ve been the victims of groomed misinformation by parties who claim to be the direct source of mandates, in most cases, some brokers just don’t care, all they are interested in is a quick payday without realising the consequence it will bring to other parties. These actions usually fall to the inexperience of brokers.

We at First Edge Ltd will always report any Fraudulent activities, and Break off all contact with any time wasters or any indication of fraud.

Because many bad brokers are from abroad, they’re not covered by UK jurisdiction or compensation schemes. Therefore, it’s unlikely to recover any lost investment. Many known overseas investors’s been a target for other fraudulent brokers. These Fraudsters Brokers often share details about people they have successfully targeted or approached, using different identities to commit further frauds.

If you’re considering any type of investment, always remember: if it seems too good to be true, then it probably is. High returns can only be achieved with high risk.

If you’re suspicious about a scheme’s authenticity, you should investigate the company’s status and contact details.

Visit the (UK) Financial Conduct Authority’s (FCA) or your country’s Conduct Authority for advice on making sure of your investment before you act.

 

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