NAPLES,
Fla., June 7, 2024 /PRNewswire/ -- Yesterday,
Capital Wealth Planning, LLC ("CWP") was informed that someone was
impersonating it and their Chief Executive Officer, Kevin Simpson on the mobile application
Whatsapp™. First, CWP does not use Whatsapp to market its services.
Second, CWP only works with registered advisors, to provide
investment advice to clients whom it has a contractual relationship
with, and regardless, CWP only does so where it has trading
discretion to make trades without needing to contact clients.
Third, like all registered investment advisers, CWP only enters
into contractual relationships with clients who have been provided
its Form ADV, Parts 2A, 2B and 3.
Fourth, CWP does not provide recommendations on individual stocks
to strangers. Doing so would violate its Code of Ethics. Fifth, CWP
does not have "VIP Members," as was claimed in the masquerading
posts, and Sixth, CWP does not pay "cooperation commissions," as
claimed in the fake posts.
![www.capitalwealthplanning.com (PRNewsfoto/Capital Wealth Planning, LLC) www.capitalwealthplanning.com (PRNewsfoto/Capital Wealth Planning, LLC)](https://mma.prnewswire.com/media/1989895/CWP_NEW_Blue_Flat_Logo.jpg)
Upon discovering these sham communications, CWP has alerted
local law enforcement, the Federal Bureau of Investigation, the
Securities and Exchange Commission and has asked Whatsapp to take
down the offending false posts as they seem to violate its own
Terms of Service.
More information about CWP is available at its website:
https://capitalwealthplanning.com/.
More information to look up investment advisers and their
registered persons is available at:
https://adviserinfo.sec.gov/.
For more information investing generally please see:
https://www.sec.gov/education.
Contact:
Louis K Albenga, Chief Compliance Officer
239.676.0796
LAlbenga@capitalwealthplanning.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/unknown-rogue-elements-impersonate-capital-wealth-planning-llc-and-its-founder-and-chief-executive-officer-kevin-simpson-302167377.html
SOURCE Capital Wealth Planning, LLC