MTI CEO ANNOUNCEMENT
SOUTH AFRICAN REGULATOR FSCA, THE US TEXAS SECURITIES COMMISSION AND SOUTH AFRICAN NEWS PUBLICATION NEWS 24 BRING FOCUS ONTO MIRROR TRADING INTERNATIONAL (PTY) LTD (MTI) REFERING TO MTI AS A “STELLENBOSH-HEADQUARTERED COMPANY FINGERED AS A “GET-RICH-QUICK SCHEME”
Not unexpectedly and because MTI is operating in the online passive income building industry which has a notorious and demonstrated reputation for scams and Ponzi schemes and, due to the nature and Modus-Operandi of the robust MTI referral-based business model, MTI is automatically by default behaviour of the media and some regulators, being perceived by associative conclusion that MTI is but another of these.
This unfortunate and misinformed perception is far from the reality of what MTI is as a newly formed (15 month old) highly innovative business and brand that the founders would like to see growing over many years into a global, iconic and heritage brand in the market trading sector.
Changing this perception once and for all, by showing and demonstrating to regulators and the media that such a business model can on a Bona Fida basis exist and successfully operate and grow on an organic basis in this notorious sector is not only possible, but is being done by MTI.
To this end, MTI will in the coming period be placing great emphasis on engaging with and working with any regulator with a clear purpose at all times; to be fully compliant as a professionally managed company and brand that delivers sustainable growth and value creation to its stakeholders, and which intends to be around for many years to come.
MTI is already in discussion with the South African Financial Sector Conduct Authority (FSCA) with regards to a meeting in Pretoria in the next two weeks and MTI will be engaging with the US Texas Securities Commission in this regard.
CEO Request to Members
To assist this important process, CEO Johann Steynberg requests that any MTI member anywhere in the world receiving any regulatory or similar information of any kind, should not circulate this in member groups, which creates confusion and uncertainty, but rather, send such information directly to support@mymticlub.com, who have a protocol in place for handling this. This is also a requirement of Clause 8 of the MTI terms and conditions of membership, for which contravention of can result in termination of a member’s membership.
MTI CEO Johann Steynberg concludes: ”The time has come, to for once and for all, address and reframe the reputational perception issues of regulators, the media and potential members about this industry, through MTI demonstrating that a genuine Bona Fida business and brand using an innovative business model of integrity can exist and grow sustainably in this sector. I am personally very determined to see this through and together with and supported by MTI’s professional advisors, this process is now underway.
SOUTH AFRICAN REGULATOR FSCA, THE US TEXAS SECURITIES COMMISSION AND SOUTH AFRICAN NEWS PUBLICATION NEWS 24 BRING FOCUS ONTO MIRROR TRADING INTERNATIONAL (PTY) LTD (MTI) REFERING TO MTI AS A “STELLENBOSH-HEADQUARTERED COMPANY FINGERED AS A “GET-RICH-QUICK SCHEME”
Not unexpectedly and because MTI is operating in the online passive income building industry which has a notorious and demonstrated reputation for scams and Ponzi schemes and, due to the nature and Modus-Operandi of the robust MTI referral-based business model, MTI is automatically by default behaviour of the media and some regulators, being perceived by associative conclusion that MTI is but another of these.
This unfortunate and misinformed perception is far from the reality of what MTI is as a newly formed (15 month old) highly innovative business and brand that the founders would like to see growing over many years into a global, iconic and heritage brand in the market trading sector.
Changing this perception once and for all, by showing and demonstrating to regulators and the media that such a business model can on a Bona Fida basis exist and successfully operate and grow on an organic basis in this notorious sector is not only possible, but is being done by MTI.
To this end, MTI will in the coming period be placing great emphasis on engaging with and working with any regulator with a clear purpose at all times; to be fully compliant as a professionally managed company and brand that delivers sustainable growth and value creation to its stakeholders, and which intends to be around for many years to come.
MTI is already in discussion with the South African Financial Sector Conduct Authority (FSCA) with regards to a meeting in Pretoria in the next two weeks and MTI will be engaging with the US Texas Securities Commission in this regard.
CEO Request to Members
To assist this important process, CEO Johann Steynberg requests that any MTI member anywhere in the world receiving any regulatory or similar information of any kind, should not circulate this in member groups, which creates confusion and uncertainty, but rather, send such information directly to support@mymticlub.com, who have a protocol in place for handling this. This is also a requirement of Clause 8 of the MTI terms and conditions of membership, for which contravention of can result in termination of a member’s membership.
MTI CEO Johann Steynberg concludes: ”The time has come, to for once and for all, address and reframe the reputational perception issues of regulators, the media and potential members about this industry, through MTI demonstrating that a genuine Bona Fida business and brand using an innovative business model of integrity can exist and grow sustainably in this sector. I am personally very determined to see this through and together with and supported by MTI’s professional advisors, this process is now underway.