Japanese Kanto Local Finance Bureau Issues Warning against At.Dear
- The Japanese regulator states that the unlicensed brokerage has been soliciting local clients.
The Kanto Local Finance Bureau of Japan's Ministry of Finance (MoF) has recently alerted local traders regarding an unauthorized brokerage which operates under the name At.Dear.
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According to the regulator's warning, At.Dear, an online stocks trading company, was noticed when a vendor had requested the submission of a document classified as a Money Deposit Certificate from clients. The approval would have been followed by the vendor offering clients financial services such as wealth management involving stocks.
The Japanese Financial Instruments and Exchange Law states that brokerages must be registered with the local regulatory authority before they begin approaching potential clients. Solicitation without the proper license places the company in breach of the law.
The warning then goes on to say that registration with the MoF does not guarantee that brokers listed on its website are in fact trustworthy. The Japanese financial watchdog strongly advises caution when dealing with a brokerage regardless of its regulatory status.
In addition, the regulator notes that the elderly are commonly victimized by unlicensed brokerages and scam operations. Regardless of the clients’ age group, traders must be alert, and only sign up with an Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term company once they first fully understand how the transaction is about to unfold.
Nearly six months ago, MoF issued a warning against Infin Markets Limited, which is a broker regulated by none other than the Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term). The online trading company was caught red handed when it operated in Japan without registering first.
The Kanto Local Finance Bureau of Japan's Ministry of Finance (MoF) has recently alerted local traders regarding an unauthorized brokerage which operates under the name At.Dear.
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According to the regulator's warning, At.Dear, an online stocks trading company, was noticed when a vendor had requested the submission of a document classified as a Money Deposit Certificate from clients. The approval would have been followed by the vendor offering clients financial services such as wealth management involving stocks.
The Japanese Financial Instruments and Exchange Law states that brokerages must be registered with the local regulatory authority before they begin approaching potential clients. Solicitation without the proper license places the company in breach of the law.
The warning then goes on to say that registration with the MoF does not guarantee that brokers listed on its website are in fact trustworthy. The Japanese financial watchdog strongly advises caution when dealing with a brokerage regardless of its regulatory status.
In addition, the regulator notes that the elderly are commonly victimized by unlicensed brokerages and scam operations. Regardless of the clients’ age group, traders must be alert, and only sign up with an Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term company once they first fully understand how the transaction is about to unfold.
Nearly six months ago, MoF issued a warning against Infin Markets Limited, which is a broker regulated by none other than the Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term). The online trading company was caught red handed when it operated in Japan without registering first.