Caution Investors Covotent – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Covotent: A Risky Investment Choice
Are you in search of a reliable and trustworthy investment firm? You’ll want to steer clear of Covotent. This unauthorized firm has been entangled in various illegal activities, including insider dealing, market manipulation, and misrepresentation of material information. In this blog post, we will delve into the evidence and caution you about the perils associated with dealing with Covotent.
Regulation and Compliance:
Covotent operates without the oversight of reputable authorities, such as the Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA). Consequently, they are not bound by any rules or standards that protect investors from fraud, abuse, or misconduct. Moreover, Covotent has failed to register with any self-regulatory organization, such as the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), leaving them unaccountable for their actions and practices.
Customer Reviews:
The overwhelming majority of customer reviews paint Covotent in a negative light. Many investors have shared their tales of financial losses, scams, and harassment at the hands of Covotent’s agents. Common complaints include:
– Covotent making grand promises of high returns but delivering low or no returns.
– Covotent imposing hidden fees or commissions.
– Covotent refusing to facilitate fund withdrawals or abruptly closing accounts without prior notice.
– Covotent employing aggressive and deceptive sales tactics.
– Covotent providing false or misleading information.
– Covotent resorting to threats and intimidation when customers voice concerns or attempt to expose their dubious activities.
Products and Services:
Covotent advertises a range of products and services, including stocks, bonds, commodities, forex, options, futures, and cryptocurrencies. However, these offerings are either counterfeit, unlicensed, or illegal. Covotent lacks access to legitimate markets or platforms, instead manipulating prices and data through its website and software. Additionally, they misappropriate their clients’ funds for purposes such as covering losses, funding their extravagant lifestyles, or paying off other customers.
Location:
Covotent purports to operate out of Rapid City, South Dakota, but this is a falsehood. Their listed address is a virtual office not associated with the company, and their phone number is a VoIP service, making it easily changeable or disconnectable. Their email and website lack security and reliability. In reality, Covotent does not have a physical presence or operations in the United States or anywhere else; it operates under a shroud of deception.
Customer Service:
Covotent’s customer service is virtually non-existent. They seldom respond to inquiries, requests, or complaints. The only time they reach out to clients is when they aim to extract more funds or pressure individuals into making additional trades. In cases where customers resist or question their legitimacy, Covotent resorts to abusive language, insults, and threats, demonstrating a blatant disregard for their client’s well-being and satisfaction.
Conclusion:
It is imperative to steer clear of Covotent at all costs; they are not a legitimate investment firm but rather a criminal organization preying on unsuspecting investors. With no regulation, no reputation, no genuine products or services, no verifiable location, and no customer service to speak of, Covotent is synonymous with deceit, fraud, and criminal activities. Should you come across Covotent or a similar entity, avoid engaging with them, report their actions to the relevant authorities, and warn others to protect them from harm. Your financial safety depends on it.
