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Sunday, June 22, 2025
FSMA Warns against Fraudulent Offers by Five Wealth Management Firms
Belgium’s Financial Services Market Authority (FSMA) has warned the public against false promises by wealth management firms. Regulators have issued warnings to the following companies:
ab-investment-acces.net
besttradingspecialists.com
gestioneuropecapital.com
Javius.com
lj-invest.net
These companies are believed to be using databases to make “cold calls” to their customers. Once individuals respond, wealth management firms offer schemes that promise higher returns and capital protection. But such schemes work too well and are often misleading.
Most of these ads are displayed on popular social media platforms that are usually targeted at users.
The Financial Services and Markets Authority (FSMA) has been active in fighting online investment fraud and fraud. Belgium’s financial and securities regulators flagged 38 fraudulent online trading platforms just two months ago.
As reported by financial king Last year, Belgium experienced a 60% surge in financial fraud in the first half of 2021 compared to the same period last year.
Victims of financial fraud lost at least 42 million between May 2019 and June 2021, according to FSMA.
Belgium is one of the few countries in Europe that prohibits the retail sale and distribution of over-the-counter forex products, CFDs and cryptocurrency derivatives.
Belgium’s Financial Services Market Authority (FSMA) has warned the public against false promises by wealth management firms. Regulators have issued warnings to the following companies:
ab-investment-acces.net
besttradingspecialists.com
gestioneuropecapital.com
Javius.com
lj-invest.net
These companies are understood to be using databases to “cold call” customers. Once individuals respond, wealth management companies offer schemes that promise higher returns and capital protection. But such schemes work too well and are often misleading.
Most of these ads are displayed on popular social media platforms that are usually targeted at users.
The Financial Services and Markets Authority (FSMA) has been active in fighting online investment fraud and fraud. Belgium’s financial and securities regulators flagged 38 fraudulent online trading platforms just two months ago.
As reported by financial king Last year, Belgium experienced a 60% surge in financial fraud in the first half of 2021 compared to the same period last year.
Victims of financial fraud lost at least 42 million between May 2019 and June 2021, according to FSMA.
Belgium is one of the few countries in Europe that prohibits the retail sale and distribution of over-the-counter forex products, CFDs and cryptocurrency derivatives.
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