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Retail FX

Boiler Rooms in Belgium: FSMA Flags Three Unauthorized Firms

  • Boiler rooms use aggressive tactics to push victims for more and more investments.
  • None of the named firms are licensed in Belgium or anywhere else.
Monday, 28/08/2023 | 10:42 GMT by Arnab Shome
Retail FX

Boiler Room Defrauds Investors of $35 Million, SEC Intervenes

  • The SEC has obtained a provisional injunction against Legend Venture Partners LLC.
  • According to allegations, the company conducted a pre-IPO stock fraud scheme.
Wednesday, 28/06/2023 | 08:20 GMT by Damian Chmiel
Retail FX

Leader of $3.6 Million Boiler Room Scam to Spend Additional 4 Years in Prison

  • Nascimento was initially sentenced in 2018 to 11 years behind bars.
  • His jail time was prolonged for failing to pay the confiscation order.
Tuesday, 17/01/2023 | 12:09 GMT by Damian Chmiel
Retail FX

SEC Charges 7 for Running Several Boiler Room Schemes

  • The perpetrators received $2.8 million as commission for promoting microcap securities.
Wednesday, 28/10/2020 | 07:14 GMT by Arnab Shome
Regulation

Belgium’s FSMA Warns Against Three Boiler Room Scams

  • According to the FSMA, these companies are not allowed to offer investment services in or from Belgium.
Thursday, 18/06/2020 | 08:57 GMT by Celeste Skinner
Regulation

Hong Kong Court Orders Boiler Room Operators to Compensate Victims

  • $600,000 held by the scammers in various bank accounts have been seized.
Monday, 24/12/2018 | 11:36 GMT by Arnab Shome
News

The Oldest Trick in the Book: Why Crypto 'Boiler Room Scams' Are so Effective

  • The unregulated nature of the cryptosphere has left the door wide open to boiler room scams - until now.
Friday, 21/09/2018 | 06:39 GMT by Rachel McIntosh
Regulation

FSMA Warns Against New Boiler Room Operations

  • With one exception, all the firms claim that they have offices in Tokyo
Thursday, 20/09/2018 | 11:04 GMT by David Kimberley
Regulation

Belgium’s FSMA Warns of Several Boiler Rooms

  • The FSMA oversees financial trading, securities, a variety of assets and ‎compliance issues for traders and consumers.
Thursday, 15/03/2018 | 15:23 GMT by Aziz Abdel-Qader
Regulation

ASIC Bans Operators of Binary Options' Managed Accounts Scam

  • The two set up managed accounts services using fake information‎.
Friday, 09/02/2018 | 16:26 GMT by Aziz Abdel-Qader
Regulation

Belgium’s FSMA Warns Against Three Boiler Rooms

  • The FSMA advises against deposits and the transfer of money to these entities, given the inherent risk involved.
Monday, 27/11/2017 | 18:13 GMT by Aziz Abdel-Qader
Regulation

FSMA Issues Warning Against Eight Firms Involved in Boiler Room Scams

  • The companies don't have legal authorisation to offer financial services to investors within the country.
Wednesday, 27/09/2017 | 12:16 GMT by Colin Firth
Regulation

FSMA Warns Against Six New Boiler Room Scams Targeting Belgian Investors

  • Six new boiler rooms have been brought to light by the Belgian regulator.
Friday, 18/08/2017 | 10:09 GMT by Jeff Patterson
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