Belgium’s FSMA Issues Boiler Room Scams Warning

[mlawson71]

The Belgian financial regulator - the Financial Services and Markets Authority (FSMA) – updated its list of unregulated entities and issued a warning about the new entries as the watchdog believes they are boiler room scams.
The warning lists ABConseils-patrimoine dot com; Takahashi and Partners and Tan Allen Piguet Asset Management.
The FSMA warned that the above-mentioned companies are not allowed to offer investment to traders neither in nor out of the country. The watchdog also urges traders not to have any dealings with said companies. The FSMA then goes on to warn against responding to so-called cold-calling and not to transfer money to companies registered outside of the country in order to avoid getting scammed.
Source

Not giving money to entities out of the reach of available law enforcement is common sense, it's unfortunate that a lot of people don't follow it.