Belgium’s FSMA Warns Against Six New Boiler Room Scams

[kreslik.news]

The Financial Services and Markets Authority (FSMA) of Belgium has issued another public warning, this time against the unauthorized activities of ‘boiler rooms’ that are contacting Belgian consumers. The latest warning details a list of six companies that are currently not authorized investment firms or credit institutions in Belgium, and are prohibited from offering investment services in or from the country.

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A large number of unregulated entities have recently been classified as boiler room scams, defined as any type of fraud that involves the contacting of customers in ... (read more)