International Securities & Commodities Alerts Network (I-SCAN) - TMT Trades
| Warning ID: | 34675 |
|---|---|
| National Competent Authority (NCA): | The Netherlands - The Dutch Authority for the Financial Markets |
| Date Published At IOSCO: | 2024-10-08 |
| Last Updated: | 2024-10-08 |
| NCA URL: | https://www.afm.nl/nl-nl/consumenten/waarschuwingen/bekijk-de-waarschuwingen/boilerroom/tmt-trades |
| Commercial Name: | TMT Trades |
| Category: | Unregistered/Unlicensed entity offering financial products or services |
| Additional Information: | The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from TMT Trades. This company is a suspected boiler room. TMT Trades has approached persons without being asked, to offer them in vestment proposal s . 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 TMT Trades does not have an AFM license or a European Passport. |
