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Screenshot of a breaking news alert e-mail from Q2 2017
Japan’s Financial Services Agency (FSA) has just updated its Warning List including the names of individuals and businesses that unlawfully target Japanese investors.
Amid the latest additions is FestA, operating via https://kabu-festa.com. This is an investment project offering hefty returns to those who entrust their money in a variety of schemes, most of which involve various shares.
The company claims to have an address in Tokyo.
The Japanese regulator notes that FestA is not authorized to provide investment services in Japan, including via Internet. The watchdog explicitly notes that the company is not authorized to provide any investment advice to Japanese residents either.
For the updated list of unauthorized investment businesses in Japan, click here.