/Swedish Financial Supervisory Authority Warns on ‘Fortuna Private Investments’

Swedish Financial Supervisory Authority Warns on ‘Fortuna Private Investments’

The Swedish Financial Supervisory Authority, also known as Finansinspektionen (FI), has issued a warning on persons claiming to represent a firm called “Fortuna Private Investments.”

The individuals, who are offering various “financial services”, claim that they have an office located in Sweden. However, FI has been unable to verify that Fortuna Private Investments really exists. “FI warns investors and others about doing business with firms that are not authorised to offer financial services,” the watchdog’s announcement said.

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Fortuna Private Investments is not under FI’s supervision, nor is it authorised by FI to conduct securities business or any other financial services. FI also said that it has not received any notice of cross-border business activities by Fortuna Private Investments by other EEA countries.

Fortuna Private Investment’s website boasts eye-popping returns

Therefore, it seems as though they “firm” may have some association with fraudulent activities. In addition to its claims that it has an office in Sweden, Fortuna also lists contact information for addresses in New Zealand and Canada, and has a website that appears to be actively online.

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The company boasts that it “offers the world’s highest performing Managed FX strategy,” and that “world-leading institutional market analytics guide our strategies toward unmatched performance.”

The company also claims to offer eye-poppingly high returns: a “20% average monthly return” and a “1,165.75% average annual return” for account holders. The company claims to offer a “Standard Account” with a $3,000 USD minimum deposit, and a “VIP Account” with a $10,000 minimum deposit. Both accounts come with a  “lifetime guarantee monthly performance fee” of 20-30%.

The firm also claims to be partnered with international, multi-licensed brokerage firm MultiBank.

Finance Magnates reached out to Fortuna Private Investments via email, and did not hear back by press time. Comments from the firm will be added as they are received.

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