International Securities & Commodities Alerts Network (I-SCAN) - Tofro Exchange
| Warning ID: | 36622 |
|---|---|
| National Competent Authority (NCA): | The Netherlands - The Dutch Authority for the Financial Markets |
| Date Published At IOSCO: | 2025-03-11 |
| Last Updated: | 2025-03-11 |
| NCA URL: | https://www.afm.nl/nl-nl/consumenten/waarschuwingen/bekijk-de-waarschuwingen/boilerroom/tofro-exchange |
| Commercial Name: | Tofro Exchange |
| 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 Tofro Exchange. This company is a suspected boiler room, a form of online investment fraud. Tofro Exchange has approached persons with out being asked, to offer them in vestment 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 Tofro Exchange does not have an AFM license or a European Passport. |
