What does it take for the FPA to label a company as a scam?

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What does it take for the FPA to label a company as a scam?

Labeling a company as a Scam was always considered to be a last resort. November 28, 2022, the FPA is suspending giving out new Scam labels for companies. For now, Problem threads, reviews and ratings, and actions of the authorities will have to do?

Why? Too many people demand instant scam labels in their evidence-free complaints. Then they would waste large amounts of time arguing about how the FPA should instantly label a company a scam based on their complaint and accuse the FPA of being a scam for not breaking its own rules.

The FPA's goal is to get issues resolved and get money owed paid to traders. If an issue cannot be resolved, then the FPA will provide guidance in collecting evidence and reporting the issue to all applicable law enforcement agencies and regulators.

If you have an issue that couldn't be resolved and have already reported it everywhere, help anyone else having problems with the company. A scam label looks good on a scammer, but a prison uniform looks a lot better.


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Been scammed and want to know what to do? CLICK HERE to learn the First Steps you should take.

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