The Belgian market watchdog, the Financial Services and Markets Authority (FSMA), today issued a warning against Five Winds Asset Management and QW Lianora Swiss Consulting SA for engaging in irregular activities.
[gptAdvertisement]
These companies have been offering investment services to clients in Belgium, but they are not authorised by the FSMA to provide such services.
The warning also said that these companies have been offering investment schemes, mainly over the internet, and that these schemes offer unrealistic returns.
The way that these schemes have been structured and the type of returns that are promised indicate that these are either pyramid or Ponzi schemes.
The warning also says that these two companies appear to have ties with Questra World, Questra Holdings and Atlantic Global Asset Management, which are companies against whom warnings have been issued by the FSMA and many other foreign authorities in the past.
The FSMA has advised its clients and the general public not to respond to any kind of solicitation from either of these companies.
The watchdog advises the general public to refer to its website before investing in any specific scheme. The FSMA has a list of approved and licensed firms and individuals, as well as warnings against unauthorised ones.
These lists are a tool for the public to make informed decisions before they make investment decisions.
The FSMA often issues warnings against companies to ensure that people do not get scammed by them.
