ASIC is aware of a fake website and social media page called Market Makers Insider/MMI Forex that is misleading and scamming investors. The pages:wrongly display ASIC Chair James Shipton’s name and photos to give the impression that he is the CEO of the fake entity;falsely claim that it buys “ASIC Insurance” on a weekly basis; andfalsely claim traders will see high returns of 70% from the scheme.

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