The oldest investment fund in the United States,
Dukes
Copy
– the name of the alleged fund is surprisingly consonant with Dukascopy Bank. And this is not surprising, because cloning is becoming an increasingly popular fraud tool. The most unpleasant thing is that companies can not do anything with their clones, because even the difference in one letter in the name does not make it possible to somehow stop the activities of the illegal twin. So for the time being, we have to limit ourselves exclusively to warnings, without any possibility of taking legal measures. Swiss broker Dukascopy Bank now also has a twin.
The Securities and Futures Commission has warned investors about the illegal activities of a company called Dukes Copy (dukes-copy. com). Those who are familiar with trading will immediately notice the similarity with the well-known Dukascopy, which is registered in Switzerland.
It would seem, what is the point of the company to use almost someone else’s name? But it makes sense. In some cases, this helps to confuse investors and invest in a seemingly reliable company, but in fact in its clone, often unlicensed and operating illegally.
