The Financial Superintendence of Colombia has issued a securities fraud notice to IM Mastery Academy.
IM Mastery Academy is referred to as “Delta-Mastery IM Academy” by the SFC.
based on the SFC’s warning from December 16;
This supervisory body’s approval is required before any company or platform that is hosted overseas offers goods and services to citizens of the nation that are typical of the stock market.
IM Mastery Academy (DOES NOT) CURRENTLY HAVE ANY AUTHORIZATION to DIRECTLY OR INDIRECTLY AND/OR THROUGH ANY MEANS, INCLUDING BUT NOT LIMITED TO THROUGH THE STOCK MARKET, PROMOTE THEIR FINANCIAL PRODUCTS AND/OR SERVICES TO
iMarketsLive was revived as IM Mastery Academy. Chris Terry, the founder, is the CEO of both businesses.
Following a CFTC regulatory probe in 2018, Terry (on the right) relaunched iMarketsLive.
iMarketsLive was fined $150,000 for operating an unauthorized company as a consequence of the CFTC’s investigation’s enforcement action.
An “algorithm bot” that produces passive forex gains is sold by IM Mastery Academy.
The MLM opportunity is advertised as a replacement for both daily and weekly income.
IM Mastery Academy is not registered with the SEC or CFTC, even though the majority of its website visits come from the US (34 percent, according to Alexa).
The second country in South America to pursue legal action against IM Mastery Academy is Colombia. In December 2020, Peru found the enterprise unlawful.