Financial Services and Markets Authority (FSMA) warns the public against several companies engaging in unauthorized activities

Detail

The Financial Services and Markets Authority (FSMA) warns the public against several companies engaging in unauthorized activities on the Belgian market.

The companies are the following:

• Akita Matsui Trading (www.amtrading-corp.com)
• Denman-Brys Group (www.denmanbrysgroup.com)
• Evans Chamberlain (www.evanschamberlain.com)
• Mizuho DKB Brokerage / SDD International (www.sddinternational.com)
• Morgan Newfield (www.morgannewfield.com)
• Sky Marketing (www.sky-marketing.com)
• Worldwide Financing Group (www.worldwidefinancinggroup.com)

The above companies are not authorized to provide investment services in Belgium.

The FSMA therefore strongly advises against responding to any offer of financial services made by the companies listed above and against transferring money to any account number they might mention.

Moreover, according to information in the possession of the FSMA, these companies may be 'boiler rooms'.

Boiler room fraud is a type of fraud that generally involves contacting consumers unsolicited, often by telephone, offering to sell them shares or other financial products. In recent times, the services being offered have grown ever more diverse. Products and services currently being offered also include: management accounts, term deposit accounts, investment advice, investments in crowdfunding, etc.

Source Link

https://www.fsma.be/en/warnings/boiler-rooms-fsma-warns-public-against-unauthorized-activities-0