NovaTech FX has received a securities fraud warning from the Central Bank of Russia.
As per the CBR’s August 9th warning, NovaTech FX exhibits “signs of an illegal professional participant in the securities market”.
This is the equivalent of a securities fraud warning in other jurisdictions.
NovaTech FX is a forex themed Ponzi scheme. It is run from the US by US nationals Eddy and Cynthia Petion.
SimilarWeb currently reports top sources of traffic to NovaTech FX’s website as the US (63%), Canada (7%) and South Africa (4%).
Neither NovaTech FX or the Petions are registered with the SEC or CFTC.