Category: Regulations
regulations
SR-FINRA-2022-002 Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to amend FINRA Rule 7620A (FINRA/Nasdaq Trade Reporting Facility Reporting Fees) to modify the query fee applicable to non-retail participants that use the FINRA/Nasdaq Trade Reporting Facility Carteret (the “FINRA/Nasdaq TRF Carteret”) and the FINRA/Nasdaq […]
The Financial Services and Markets Authority (FSMA) warns the public against the fraudulent activities of Crystal Interfinance, a company that is offering credit illegally to consumers. Crystal Interfinance is not authorized or registered in Belgium as a lender or credit intermediary. Therefore, Crystal Interfinance may not offer credit in Belgium. According to the information available to the […]
The Financial Services and Markets Authority (FSMA) warns the public against the fraudulent activities of Atless Finance, a company that is offering credit illegally to consumers. Atless Finance is not authorized or registered in Belgium as a lender or credit intermediary. Therefore, Atless Finance may not offer credit in Belgium. According to the information available to the […]
The Financial Services and Markets Authority (FSMA) warns the public against the fraudulent activities of Accea Finance, a company that is offering credit illegally to consumers. Accea Finance is not authorized or registered in Belgium as a lender or credit intermediary. Therefore, Accea Finance may not offer credit in Belgium. According to the information available to the […]
The Financial Services and Markets Authority (FSMA) warns the public against the activities of unauthorized lenders who offer false credits to consumers. The FSMA has received several reports from consumers about fraudulent credit offers made via the internet. Consumers get thus in touch with these providers in a variety of ways: they are approached unsolicited via mail or social […]
The FSMA has noted that various companies in Belgium are selling, via a pyramid structure, trading and training software intended for trading principally in forex, CFDs and cryptocurrencies. The sale of such trading and training software mostly takes place via a pyramid structure. The term generally used for this technique is ‘MLM’ (multi-level marketing), in […]
During the last weeks, the FSMA continued to receive complaints from consumers concerning new fraudulent online trading platforms that are operating in the Belgian market. The approach remains the same. These trading platforms try to arouse consumers’ curiosity by placing scam ads on social media. In these fake ads, a well-known person often explains how […]
The Financial Services and Markets Authority (FSMA) warns the public against the activities of Akita Michinoku Company, a company that offers investment services. Akita Michinoku Company is not an authorized investment firm in Belgium. It is therefore not allowed to provide investment services in or from Belgium. Moreover, according to the information available to the […]
Public statement On 27 January 2022, the FSMA formally handed over its chairmanship of the supervisory EURIBOR college to ESMA, being the new competent authority of the administrator of EURIBOR. Over the last few years, the FSMA took its role in protecting financial consumers seriously. The FSMA took up the role as observer in a […]