| Company: |
24/7ForexTrades
|
| Regulator: |
The Dutch Authority for the Financial Markets
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| Jurisdiction: |
The Netherlands
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| Date: |
20231024
24 Oct 2023
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| Link: |
https://www.afm.nl/nl-nl/consumenten/waarschuwingen/bekijk-de-waarschuwingen/boilerroom/24for7forextrades
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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 24/7ForexTrades . This company is a suspected boiler room. 24/7ForexTrades 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 24/7ForexTrades does not have an AFM license or a European Passport.
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