Company: |
Fibonacci-Trade
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Regulator: |
The Dutch Authority for the Financial Markets
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Jurisdiction: |
The Netherlands
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Date: |
20220704
04 Jul 2022
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Link: |
https://www.afm.nl/nl-nl/consumenten/controleer-je-aanbieder/boilerroom/fibonacci-trade
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Subject: |
Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
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Comments: |
“The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Fibonacci-Trade. This company is a suspected boiler room. Fibonacci-Trade 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 financial instruments that promise high returns (cold calling). In reality the financial instruments are either worthless or non-existent. The AFM has established that Fibonacci-Trade does not have an AFM license or a European Passport.
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