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Boiler rooms
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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
ADVERTISEMENT
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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