The Washington State Department of Financial Institutions (DFI), Securities Division received a complaint from a Washington State registered investment adviser, Albatrox Capital LLC (“Albatrox”), stating that the company’s old website at www.albatroxcap.com is being used by an impersonator. The website lists the firm’s old address, an unknown phone number, and team members who are not associated with Albatrox. The website also includes a link to BrokerCheck that populates Albatrox’s current and legitimate licensing information, adding to the deception that the website is legitimate.
DFI cautions consumers to beware of persons previously unknown to them offering investment advice, even if they purport to be legitimately licensed investment professionals. Scammers can impersonate investment professionals and offer advice that benefits scammers and is harmful to consumers.
If you have any doubt about the authenticity of the person soliciting you, contact the Washington State Department of Financial Institutions, Securities Division at
(360) 902-8760. If you live outside of Washington State, contact your state securities regulator.
If a consumer believes a person or company has violated state law or acted improperly regarding an investment product or service, they may file a complaint with the Securities Division.
Additional Resources
Beware of Fraudsters Impersonating Investment Professionals and Firms – Investor Alert
Information regarding Pump & Dump schemes and how to protect yourself