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Улаанбаатар хот, СБД, 1-р хороо, Энхтайваны өргөн чөлөө - 19

Утас: +976 7010 0261, 976 11 311944
Факс: +976 11 311944
Имэйл: info@tdbsecurities.mn

STATEMENT FROM THE FRC


In accordance with relevant laws and regulations, the Financial Regulatory Commission monitors the securities, insurance, non-banking financial and savings and credit cooperatives markets, and registers products, services and financial instruments of these sectors.

There is a growing number of institutions that are promising high rates using information technology, internet and social networking, and attracting money from citizens. For example, “High Level Investment” LLC and “Novel Invest” LLC has been promoting unregulated and illegal activities as “risk free investments” and “insured investment” since 2018. In the relevant legislation, the “investment instrument” must not only be considered by the FRC but also registered and approved by the FRC. Therefore, these institutions must stop their illegal activities, and the FRC warns the public to ensure if they are investing in registered by the FRC financial or investment instruments.

It is open to invest in any financial or investment instruments, but if investor chooses non-registered and unregulated by FRC instrument, investor itself will be responsible for the potential risks and losses in the future.


Source: BloombergTv.mn 



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