Warning against Ftradition LTD
The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Ftradition LTD. This company is a suspected boiler room. Ftradition LTD has approached persons without being asked, to offer them investment proposals. A boiler room is a collective term for fraudulent individuals and organizations using clever salespeople to call potential investors to pressure them into buying shares that promise high returns (cold calling). In reality the shares are either worthless or non-existent. The AFM has established that Ftradition LTD does not have an AFM license or a European Passport.
Source: MFSA – Warning against Ftradition LTD
Related Posts
AMF warns retail investors and public about aggressive “boiler room”
FCA charges sixth defendant in alleged investment fraud
Boiler room fraudsters ordered to pay £843k
Dutch Authority for the Financial Markets fined a company for market manipulation
IFSC of Belize issued a warning regarding TradingBanks
