MFSA issues warning against unregistered company

MFSA

Tista' taqra bil- Malti.

The Malta Financial Services Authority has warned that AlphaEx is not a Maltese registered company and it is not authorised to provide any financial services in or from Malta.

The entity is claiming that it was registered and gained a transitory licence from the MFSA. However, the MFSA has said that it is not a Maltese registered company nor is it authorised to provide any financial services in or from Malta. Additionally, the entity is not licensed nor registered under the Virtual Financial Services Act

The MFSA reminded consumers of financial services not to enter into any financial services transactions unless they ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator.

A list of entities licensed by the MFSA can be viewed on its website.

If you are a victim of a scam or think you might be dealing with an unauthorised entity or any type of financial scam, stop all transactions with the company immediately and contact the MFSA as soon as suspicion arises.