Dutch AFM Reports Number of Boiler Rooms in 2016 Has Doubled

[kreslik.news]

The Dutch financial watchdog Autoriteit Financiële Markten (AFM) has published a statement announcing that it has issued a total of 22 warnings against boiler rooms during 2016, double the number reported in 2015.

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A boiler room is a collective term for fraudulent individuals and organisations using clever salespeople and tactics to call potential investors and pressure them into buying shares that promise high returns, also known as cold calling. Boiler rooms often use trustworthy looking websites, sometimes using names that resemble those of a well-known financial ... (read more)