BOILER ROOMS: FSMA ONCE AGAIN WARNS THE PUBLIC AGAINST VARIOUS COMPANIES
ENGAGING IN UNAUTHORIZED ACTIVITIES IN BELGIUM
The Financial Services and Markets Authority (FSMA) warns the public against the activities of
various „boiler rooms“ that are contacting Belgian consumers.
Companies operating unlawfully and against which the FSMA warns the public are the following:
– AEG Financial and Pro-Nice Limited
– Bayside Financial Services and Pro-Nice Limited
– Belmont Financial Group
– Capital Precision Belgium
– Clewis Financial and Aoguan HongKong CO., Limited
– Condor Capital Management, Advanced Global Securities Corporation (AGS Corporation) (cloned
firm), CCMGT Management Consultancy and CME Global Corporation
– Cunningham Mutual
– Manniworth Co Ltd, Elantra Ltd and Deniver Ltd
– Prestige Equity and Pro-Nice Limited
– Shinshiro International and Brilliant Sheen Limited
– Tenjin & Associates
– Voth Nixon Group
The above companies are not authorized investment firms or credit institutions in Belgium and may
under no circumstances offer investment services in or from within Belgium.
Moreover, according to information in the possession of the FSMA, these companies may be “boiler
rooms”.
We wish to reiterate that boiler room fraud is a type of fraud that involves contacting customers
unsolicited, often by telephone, offering to sell them little-known shares or exotic financial products.
Although the boiler rooms often claim to be an authorized service provider with a professional website