SIPC staff are aware of a number of ongoing financial scams in which con artists falsely claim to be a customer protection entity to trick victims, including non-U.S. investors, into giving the fraudsters access to brokerage accounts, personally identifiable information, and tricking investors into sending the fraudsters money and other assets. Impersonation of legitimate companies is one of several characteristic features of advance fee fraud solicitations and other fraudulent schemes. Even where the fraudsters do not request that funds be sent directly to them, they may use the personal information they obtain to steal the individual’s identity and then misappropriate his or her financial assets.
SIPC is aware of the following websites which are falsely claiming to be customer protection entities. The below websites are fraudulent:
- Alliant Trust Systems: http://allianttrustsystems.org/
- Economic and Financial Services Commission:http://efinsc.org and http://ecofinsc.org
- Paragon Reliance System: http://paragonreliance.com/
There may be other such websites, now and in the future, with similar fraudulent intent.
If you believe you are the victim of an online fraud, you can report it to the U.S. government at www.ic3.gov.
If you have been contacted by someone impersonating SIPC, please Contact Us.