| Company: |
Paragon Bulls Trade
|
| Regulator: |
The Dutch Authority for the Financial Markets
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| Jurisdiction: |
The Netherlands
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| Date: |
20231114
14 Nov 2023
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| Link: |
https://www.afm.nl/nl-nl/consumenten/waarschuwingen/bekijk-de-waarschuwingen/boilerroom/paragon-bulls-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 Paragon Bulls Trade. This company is a suspected boiler room. Paragon Bulls 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 shares that promise high returns (cold calling). In reality the shares are either worthless or non-existent. The AFM has established that Paragon Bulls Trade does not have an AFM license or a European Passport.
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