Vexchange and Beaumont platforms included on the Polish Financial Supervision Authority's warning list

On April 15, 2024 Polish Financial Supervision Authority announced the addition of two illegally operating investment platforms to the list of public warnings - Vexchange / Venture Xchange and Beaumont. Details below.

Vexchange and Beaumont on the warning list

The KNF's public warning list is a collection of entities that violate Polish law regarding banking and investment activities. As a rule, these are ordinary fraudsters who operate illegally, without appropriate consents and licenses, and their only goal is to extort funds from unaware investors. These are also companies that have violated the provisions of Polish law in terms of their activities, e.g. in terms of advertising, information contained on the website and more.

This time, two entities that pretended to be online platforms offering intermediation services on capital markets were added to the warning list. It is true that they have already been blocked, but there is still a risk that they will return like a phoenix from the ashes, under slightly modified addresses and names. This type of practice is extremely common and shows how little effort and great arrogance fraudsters try to find new victims.

The KNF warns against:

• Platforms Vexchange i Venture Xchange – operating using the website www.venturesexchanges.com
• Platform Beaumont – operating using the website beaumont.com.co

Stay alert!

We warn against using the services of unlicensed companies. Before opening an account, always make sure it is correct the broker has the appropriate regulations and permits at the indicated financial market supervisory institution.