CySEC Warns Against Three Unregulated Investment Websites
Summary
CySEC has issued an investor alert identifying three websites—obsidian-group.org, ext-ltd.com, and harindale.trade—as unauthorized providers of investment services and activities under Cyprus law. The regulator warns that none of these entities holds the required authorization under Article 5 of Law 87(I)/2017. Investors are urged to verify the licensing status of any investment firm on CySEC's website before conducting business.
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GovPing monitors CySEC Cyprus Announcements for new securities & markets regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 3 changes logged to date.
What changed
CySEC issued an investor alert naming three websites—obsidian-group.org, ext-ltd.com, and harindale.trade—as unauthorized to provide investment services under Article 5 of Law 87(I)/2017. The alert does not impose new obligations on licensed firms but creates heightened reputational and compliance risk for regulated entities whose branding may be mimicked by these bad actors.
For regulated investment firms, this alert reinforces the importance of monitoring for brand impersonation and maintaining clear client communication channels about verified licensing status. Investors considering engagement with any of these entities face elevated risk of fraud with no recourse to Cyprus investor compensation schemes.
Archived snapshot
Apr 22, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
WARNING
The Cyprus Securities and Exchange Commission ('CySEC') wishes to inform investors that the following websites do not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities, as provided for in Article 5 of Law 87 (I)/2017.
- obsidian-group.org
- ext-ltd.com
- harindale.trade CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities, which are licensed to provide investment services and/or investment activities. Nicosia, 08 April 2026 This unofficial English text is for information purposes only and is not legally binding.
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