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Zoey_JD, Criminal attorney
Category: Fraud Examiner
Satisfied Customers: 23530
Experience:  Active member of the NYS bar since 1989
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Is Simplex Securities Pty Ltd a scam campany

Customer Question

Is Simplex Securities Pty Ltd a scam campany
Submitted: 9 months ago.
Category: Fraud Examiner
Expert:  Zoey_JD replied 9 months ago.
Hello, Do you have a website for this company?
Expert:  Zoey_JD replied 9 months ago.
Hello, I was hoping to hear more from you about this company. However, I can tell you that this company has registered with ASIC. It's ABN# ***** ***** 610 696 010. You'll see that it was only registered on February 11, 2016. So it's a very new company and a blank slate. To the extent that it has registered, it would appear to be legitimate. However, it doesn't take much time, energy or money for scammers to register a bogus company so that they look legitimate to the people they are trying to deceive. Then they just let their registration go inactive and ultimately get stricken off the register for their failure to comply with government regulations. But by then, a year or so has passed and the damage is done. So the fact that this company is registered is a good sign, but the company is brand new without any kind of a track history, and that's never a good sign when you are thinking about investing money. I would be leery of investing with any company you couldn't thoroughly vet, and while I can't say that they are a scam, I can't see any evidence that they are legitimate either. I am unable to find a website, which in this day and age is another bad sign. Do you have one that you can give me? With one, I can see what sort of a financial site it is and get a better sense of its legitimacy. Please reply to this question thread.