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Sweden sees surge in fraudulent trading platforms

Sharp rise in cybercrime
Photo: Sean Gallup/Getty Images

The Swedish FSA, Finansinspektionen (FI), warns of over 100 actors operating without a permit.

Sweden’s financial market watchdog has warned consumers about 104 fraudulent trading platforms that operate without a permit.

The sites are designed to mimic real trading services – including charts, dashboards, and testimonials – offering stocks, indices, and crypto assets. Financial advice and enticement for easy deposit-making and quick profit are

“In times