fsma

Search for a tag

Retail FX

Belgian Financial Watchdog Flags Seven Firms Engaging in “Recovery Room Fraud”

The entities reportedly target victims of previous investment scams by offering false recovery services.
Information about scam victims is reportedly sold to other fraudsters, increasing their vulnerability.

Thursday, 03/10/2024 | 19:48 GMT by Jared Kirui

Retail FX

FSMA Reports 44% Rise in Fraud Complaints with Half Linked to Crypto Scams

The organization received 1,332 consumer reports of unlawful activities in the first six months.
“Recovery room" fraud saw a 59% increase compared to the same period in 2023.

Thursday, 04/07/2024 | 09:16 GMT by Tareq Sikder

Retail FX

Belgian Regulator Alerts on Clones of Two Popular Trading Brands

FSMA has warned against nearly 40 potentially fraudulent entities.
The list includes clones of BNP Paribas and CMC Markets.

Friday, 17/05/2024 | 08:32 GMT by Damian Chmiel

Retail FX

FSMA Warns Public against Dubious Practices of Prop Trading Firms

Consumers interested in prop trading undergo costly courses, as outlined by the FSMA.
The regulator has observed a worrying rise in prop trading firms' advertising on social media.

Thursday, 07/03/2024 | 11:42 GMT by Tareq Sikder

Retail FX

Regulator Says These 17 Trading Platforms Are Stealing Your Money

The FSMA warns against a bunch of new fraudulent trading platforms in Belgium.
Victims are lured by fake promises, unable to withdraw funds later.

Wednesday, 14/02/2024 | 10:19 GMT by Damian Chmiel

Retail FX

News Nuggets | 30 November: ASIC Revokes AFS License; FCA Fines Three Money Transfer Firms

Also, FMA and FMSB collaborated; TradingView and Santander Financial started partnerships.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.

Thursday, 30/11/2023 | 10:34 GMT by Damian Chmiel

Institutional FX

FSMA: Scammers Pose as Major Banks to Defraud Unsuspecting Consumers

Victims are lured with promises of high returns but end up losing their money.
The FSMA has issued warnings about fraudsters who use fake bank identities.

Monday, 09/10/2023 | 19:23 GMT by Jared Kirui

Retail FX

News Nuggets | 6 September: Zodia Expands into Abu Dhabi; Belgium FSA Issues New Warnings

Also, Strise secured $10.8 million in funding; Finalto Asia announced its new Head of Sales.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.

Wednesday, 06/09/2023 | 11:03 GMT by Finance Magnates Staff

CryptoCurrency

Binance Dodges Regulatory Bullet in Belgium, Redirects Users to Poland

FSMA said customers can only be transferred if they consent.
Binance recently quit the Netherlands, transferring its Dutch clients to a local rival.

Monday, 28/08/2023 | 17:37 GMT by Solomon Oladipupo

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

CryptoCurrency

FSMA Orders Binance to Immediately Halt Services in Belgium

Binance failed to prove that 19 operators servicing Belgian clients are EEA firms.
The exchange can either return all customer assets or transfer them to EEA entities.

Friday, 23/06/2023 | 18:18 GMT by Solomon Oladipupo

Retail FX

FSMA Warns against 38 Unlicensed Forex, CFDs and Crypto Platforms

The regulator highlighted the dangers of using fraudulent platforms' services.
Many of them are still operational.

Monday, 05/06/2023 | 08:10 GMT by Damian Chmiel

Retail FX

After CySEC, Belgium’s FSMA Is Now Tackling Impersonators

Fraudsters are approaching people impersonating themselves as regulatory employees.
They are utilising the ploy of seeking fees for recovering lost funds.

Tuesday, 30/05/2023 | 08:39 GMT by Arnab Shome

Retail FX

News Nuggets | 17 May: Belgium's Crypto Ads Rules Kick In; FINMA's Action

Also, Zondacrypto's new crypto license and Libertex's new crypto CFDs.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.

Wednesday, 17/05/2023 | 10:56 GMT by Finance Magnates Staff

CryptoCurrency

Belgium’s FSMA to Police Crypto Ads with Upcoming Regulation

Advertisers are to give a 10-day notification to FMSA before running their ads.
The watchdog started calling for crypto regulation as early as 2020.

Thursday, 20/04/2023 | 13:12 GMT by Solomon Oladipupo

Retail FX

FSMA Warns against Webull Clone and 20 Other Unlicensed Platforms

According to Belgium's FSMA, listed platforms may extort money from investors.
A Clone of the WeBull trading brand is one of them.

Thursday, 23/02/2023 | 10:47 GMT by Damian Chmiel

Retail FX

FSMA Warns against Clone of CoinDesk and 30 Fraudulent Trading Platforms

A clone of CoinDesk was among 30 other fraudulent trading platforms flagged by the FSMA.
According to the Belgian market watchdog, financial scams are rising significantly.

Wednesday, 23/11/2022 | 12:30 GMT by Damian Chmiel

Retail FX

Belgium’s FSMA Red Flags 40 Trading Platforms as ‘Fraudulent’

These platforms are illegally offering services in the country.
The regulator is actively warning against fraudulent operators.

Wednesday, 14/09/2022 | 09:00 GMT by Arnab Shome

FinTech

FSMA Warns against Fraudulent Offers by Five Wealth Management Firms

False promises made by wealth management firms.

Wednesday, 31/08/2022 | 08:06 GMT by Viraj Shah

CryptoCurrency

Belgian FSMA Consults on How to Classify Crypto Assets

The consultation is to be wrapped up on July 31.
The EU reached a provisional agreement on MiCA last week.

Wednesday, 06/07/2022 | 16:30 GMT by Solomon Oladipupo

Regulation

Belgium’s FSMA Flags 38 ‘Fraudulent’ Online Trading Platforms

These platforms are using aggressive sales tactics to push victims for deposits.
They are running fake ads and mobile apps to lure victims.

Wednesday, 08/06/2022 | 11:30 GMT by Arnab Shome

Regulation

Belgium’s FSMA Mandates Registration of Crypto Firms

The new rules came into effect on May 2, 2022.
Existing crypto companies need to register themselves by September 1.

Monday, 02/05/2022 | 05:47 GMT by Arnab Shome

Retail FX

Swipe, Invest, Scam: FSMA Warns against Investment Fraud on Dating Apps

Fraudsters are trapping victims on dating apps using fake profiles.

Wednesday, 27/10/2021 | 10:54 GMT by Arnab Shome

Retail FX

Financial Frauds in Belgium Jumped by 60% in H1 2021

Most of the fraud was associated with online trading platforms.

Monday, 04/10/2021 | 11:38 GMT by Arnab Shome

Retail FX

Belgium’s FSMA Cautions against Trading Software Firms

The regulator pointed at the pyramid structure of the companies to warn investors.

Tuesday, 24/08/2021 | 12:25 GMT by Arnab Shome

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}