Concerned investors have reached out to us about DoFinance's potential non-fulfillment of obligation towards investors. The platform informed us on 30.9.2022 to remove any information indicating that a lawsuit against the company had been initiated.
DoFinance informed us that "rumors of an opportunistic lawyer approaching investors with unfounded promises, if at all, do not comply with the express allegation of legal action being initiated."
Furthermore, DoFinance threatened to start legal actions against P2P Empire.
Concerned investors can discuss further actions in a dedicated Telegram group.
The platform's aggressive communication style and countless complaints about the company on Trustpilot are signs that investors should avoid using this platform.
P2P Empire could not independently verify the authenticity of the claims against the platform, but we have contacted the Financial and Capital Market Commission for feedback.
"The Commission notes that Dofinance is currently in the process of licensing; however, it has still neither received any operating authorization issued by the Commission nor is subject to the Commission's supervision until the relevant licensing date. Please be informed that Dofinance has not been authorized to make an advertising action before the license is received."
" Please be informed that Dofinance is not allowed to offer credit claims at the moment, but after getting the license, it will switch to offering financial instruments, which are regulated by laws and regulations and will be supervised by the Commission."
This information has been provided by the Director of the Legal and Licensing Department at FCMC in Latvia.