MFSA Malta Warns Against Orix Capital Trading

The financial markets watchdog in Malta, Malta Financial Services Authority (MFSA), today issued a warning against the flagged boiler room Orix Capital Trading. Interestingly, the fraudulent broker was identified by the Netherlands Authority for the Financial Markets (AFM) and not by the MFSA.

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Malta’s watchdog defines ‘boiler rooms’ as a type of fraud that involves contacting customers unsolicited, often by telephone, offering to sell them little-known shares or exotic financial products. Although the boiler rooms often claim to be an authorized service provider with a professional website and forms to fill out, they are in reality swindlers who offer fictitious or worthless shares or products.

In a recent discovery made by the Dutch AFM, and shared by MFSA, the regulator has become aware that Orix Capital Trading does not hold an AFM license, but performs active operations within the Netherlands as well as Europe. Both MFSA and AFM issue joint warning against unauthorised providers and advise investors to avoid any contact with the alleged entities.

Specifically, the MFSA alerts the public, in Malta and abroad, to refrain from undertaking any business or transactions with Orix Capital Trading . The fraud company uses the website www.orixtrading.com, and the email addresses info@orixtrading.com, corporate@orixtrading.com, ichiro.katsumi@orixtrading.com, seiichi.yoshihiro@orixtrading.com. It claims to have its registered office in Hirakawacho Mori Tower 13F 2-16-1, Hirakawacho, Chiyoda-ku, Tokyo, Japan.

The MFSA also reminds investors not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator.