On May 8, 2025, the Finansinspektionen (FI) issued a warning about Pip Industry Ltd for offering Swedish investors to trade with securities without required authorization. https://www.fi.se/en/our-registers/investor-alerts/investor-alerts/2025/maj/pip-industry-ltd/

Pip Industry Ltd deliberately conceals information about its legal structure and regulatory status, creating significant risks for investors. Its anonymity makes it easy for the firm to disappear, making accountability nearly impossible—a clear warning sign. No valid licensing information has been found to verify Pip Industry Ltd’s authorization or legitimacy. Following an investigation, the Finansinspektionen (FI) was unable to confirm that Pip Industry Ltd is a real company. In response, the Swedish financial authority issued a warning, alerting investors to this illegitimate entity. Ultimately, Pip Industry Ltd is not regulated by any financial authority. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard assets. Given these red flags, Pip Industry Ltd appears to be a scam.