FSMA Issues Warning Against Boiler Rooms, Recovery Room Fraud

[kreslik.news]

The Financial Services and Markets Authority (FSMA) has issued another public warning, this time against the unauthorized activities of multiple ‘boiler rooms’ and of a ‘recovery room’ that are contacting Belgian consumers, per a recent FSMA statement.

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Belgium-based FSMA helps bring to light a number of fraudulent schemes and predatory organizations that conspire against traders and market participants in the country. The FSMA also advises against deposits and transferring of money to these entities, given the inherent risk involved. ... (read more)