1st American Securities is suspected to be a fraudulent broker, which is why we have created the 1st American Securities Review to alert those seeking a trustworthy FX broker. It is crucial to raise awareness among investors and traders regarding the legitimacy of all types of brokers, regulated forex brokers, forex trading platforms, Forex brokers, crypto brokers, and others. In this 1st American Securities review, we will talk about the reasons why 1st American Securities is listed among the fraudulent brokers 2024 list by Fraud Complaints and guide how victims of 1st American Securities can reclaim their lost funds.
Basic Details for 1st American Securities
Website: http://www.firstamericansecurities.com
Website Availability: No
Official Address: 632 Broadway, Suite 3002, New York, NY 10012
Regulation: Unregulated
Warned By: U.S. Securities and Exchange Commission (United States) (SEC)
Facts that determine 1st American Securities is a Fraudulent Broker.
1st American Securities claims to be a legitimate investment firm, but the entity behind http://www.firstamericansecurities.com has been accused of fraudulent activity. Scammers use a convincing website and fake credentials to impersonate credible organizations, duping unsuspecting investors. Before committing funds, it is crucial to confirm the firm’s registration and licensing through reliable sources.
U.S. Securities and Exchange Commission (United States) (SEC) Warned against 1st American Securities
The U.S. Securities and Exchange Commission (SEC) has issued warnings regarding fraud associated with 1st American Securities. Fraudsters often impersonate legitimate firms, using fake regulatory documentation to build trust. The SEC advises verifying firms’ details through their official database and reporting any suspicious activity to authorities.
Regulatory Status and Warnings
The first thing to do is to determine if the platform is registered with the appropriate financial regulatory bodies. Authorities like the ASIC in Australia, the FCA in the UK, the SEC in the US, or comparable agencies in other nations usually oversee legit crypto investment sites and forex brokers list. These authorities ensure the platform works openly and protect investors by following regulations. An important warning indication is when regulations are unclear or nonexistent.
If a broker has received warnings from regulatory bodies, it is a significant matter of concern and should prompt further investigation before engaging with the platform. Check the www.firstamericansecurities.com regulatory status to confirm its compliance with these standards.
Warning Signs and Complaints
Victims have reported several red flags tied to the alleged scam, including:
- Unsolicited investment opportunities via email or phone.
- A lack of verifiable regulatory credentials.
- Challenges withdrawing funds or receiving returns.
- These warning signs emphasize the need for careful research before getting involved with any financial organization.
False Promises and High-risk Investments
The scam is built on false assurances of guaranteed profits from high-risk investments. Scammers typically generate a sense of urgency, pushing individuals to make quick choices that can result in significant financial harm.
Transparency and Information
A legitimate Forex trading brokers, Crypto trading platform or any other should provide complete and transparent information about its services, costs, trading terms, and associated risks. Ensure that 1st American Securities is upfront about its ownership, operational methods, and financial disclosures. If the platform is vague about its ownership, and operations, or promises unrealistically high returns with minimal risk, it might be fraudulent. Always read the fine print and fully understand the terms and conditions before investing.
Withdrawal Issues
Check for any reported issues or delays with 1st American Securities withdrawal issues. Reputable trading platforms handle withdrawals quickly and without undue waiting times. It is a serious warning flag if customers often report issues with money withdrawal, such as prolonged processing periods, excessive costs, or complete denial of withdrawal requests. Before investing bigger sums of money, always try the withdrawal procedure with a smaller amount.
How to Claim a Refund from 1st American Securities?
If you have sought but failed to recover your money from 1st American Securities scam, gather your supporting proof. Keep copies of every correspondence as proof of your payment demands. If they halt or refuse, initiate the chargeback process immediately. Inform the bank about 1st American Securities’s suspicious business practices and absence of firstamericansecurities.com license.
Because of the inability to charge back, wire transfers are a tough means to recover money. Making a complaint and contacting the authorities are the most effective strategies to escalate the problem. This strategy frequently leads to the reevaluation of refund decisions. If you do not receive your money back , file a detailed fraudulent report and email it to the company, stating that you will send it again. Please contact fraud complaints if you need any assistance for 1st American Securities refund.
1st American Securities Review – Conclusion
Based on many factors explained above we have finally concluded that www.firstamericansecurities.com is a fraudulent broker. Do extensive research on any site before investing.
Be aware of schemes like Forex Trading Deceptions, Cryptocurrency Cons, Internet Dating Scams or Romance Fraud, Pump and Dump Tactics, Ponzi Schemes, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Robo-Advisors Deceptions, and Binary Options Deceptions.
If you have already fallen victim to 1st American Securities fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from 1st American Securities.
Check more about fraudulent brokers
Visit our Facebook Page
Visit Twitter
Note: The 1st American Securities review is influenced by some existing reviews online and we have created original review based on known facts. We are not responsible for any legal actions taken by any entity favoring 1st American Securities company.