Belgium’s FSMA adds 33 unauthorized investment companies to Warning List

Belgium’s Financial Services and Markets Authority (FSMA) today published an updated list of unauthorized investment companies that nevertheless seek to attract Belgian investors.

The latest update adds massive 33 new companies to the Warning List that the regulator has been compiling since 2013. The bulk of new entries are boiler rooms, whereas several are Forex and/or binary options brokers.

Following this update, the list of unauthorized investment companies in Belgium contains nearly 200 names.

All of the companies in the list are operating unlawfully in Belgium. Furthermore, they have not published, where applicable, a prospectus approved by the FSMA, as is required before any public offering of investment instruments may be made within the territory of the country.

The table below contains the names of the new participants in the “Black List”.

fsma_oct_inside

The watchdog notes that the list is far from exhaustive and the fact that the name of a company is not featured there does not mean that it is authorized to offer its services in Belgium. Investors are advised to check a dedicated section on FSMA’s website to find out whether their financial services provider has the necessary authorization.

To view the full Warning List, click here.

Read Also: