Additionally, FSMA pointed out a common offer among such online trading platforms includes “affiliate program” that may be a sign of a pyramid scheme. The regulator warned that fraudulent trading platforms may act very aggressively and scammers can try to convince their victims to take control of their computer remotely in order to make money…
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On Wednesday, the Financial Services and Markets Authority (FSMA) of Belgium announced a ban on entering into a short sale. It might constitute or increase a net short position on stocks admitted to trading to Belgian trading venues. The short sale prohibition includes: “any transaction which creates, or relates to, a financial instrument and where…
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Belgium financial regulator FSMA has issued a statement regarding the settlement it reached with AVA TRADE EU Ltd and ICFD Ltd. The agreed settlements consist of a payment of EUR 175,000 by AVA TRADE EU Ltd, EUR 200,000 by iCFD Ltd and publication by name on the website of the Financial Services and Markets Authority…
Read moreThe Financial Services and Markets Authority (FSMA) of Belgium has updated its list of unauthorized investment businesses by issuing 10 more warnings to the public against the activities of various “boiler rooms” and "recovery rooms". Although the boiler rooms often claim to be an authorized service provider with a professional website and forms to fill out,…
Read moreBelgium's Financial Services and Markets Authority (FSMA) today warned the public against the activities of various "boiler rooms" and “recovery rooms” that are contacting Belgian consumers. The number of new additions to the Warning List exceeds a dozen, with the list including companies that exert pressure on customers to buy little-known shares or exotic financial…
Read moreBelgium's Financial Services and Markets Authority (FSMA) has earlier today updated its lists of unauthorized binary options and Forex firms, unlawfully targeting Belgian investors. The latest additions include: Banque Investissement; CapitalCourtage, Eich Invest Ltd, 10 Spheres Media Ltd and First Consulting SCS; CEDIE; E Trade Securities (cloned firm); FXSEP, SEP Global, Hedge Funds Liège 2015…
Read moreThe Financial Services and Markets Authority (FSMA) of Belgium today published a warning against two firms engaged in the so-called “recovery room” fraud. The warning from the Belgian watchdog targets supposed law firms Cole & Rushton LLC and Ernst & Taylor LLP, which are offering to help victims of investment fraud recover the money they…
Read moreThe Financial Services and Markets Authority (FSMA) of Belgium on Wednesday updated its list of unauthorized investment businesses by issuing 12 more warnings to the public against the activities of various "boiler rooms". The Belgian regulator defines “boiler room” as a type of fraud that involves contacting customers often by telephone, offering to sell them…
Read moreThe new additions include only a handful of Forex and binary options brokers, whereas the focus is on so-called “boiler rooms”.
Read moreThe new entries include binary options brokers, Forex brokers and “recovery rooms” that are not authorized to offer investment services to Belgian residents.
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