Belgium’s Watchdog Warns of 7 Firms Showing Signs of Boiler Room Fraud

[kreslik.news]

As regulatory bodies from around the globe continue to take stern measures to identify and arrest investment-related illegal activities, more and more cases of fraud are emerging out. Just today, Belgium’s Financial Services and Markets Authority (FSMA) has issued a warning against the unauthorized activities of multiple boiler rooms that are offering investments in the country without complying with Belgian financial legislation.

Boiler rooms use sophisticated tactics to approach investors, offering to buy or sell shares in a way that will bring a huge return. But victims are often left out of pocket – sometimes losing all of their ... (read more)