Investor Alerts - Broomfinance

Company: Broomfinance
Regulator: The Dutch Authority for the Financial Markets
Jurisdiction: The Netherlands
Date: 20230508 08 May 2023
Link: https://www.afm.nl/nl-nl/consumenten/waarschuwingen/bekijk-de-waarschuwingen/boilerroom/broomfinance
Subject: Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
Comments: The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Broomfinance. This company is a suspected boiler room. Broomfinance 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 Broomfinance does not have an AFM license or a European Passport.