Belgian regulator Financial Services and Markets Authority (FSMA) has warned retail investors about scam wealth management offerings.
It said it had received complaints “from consumers who have been approached by companies offering wealth management and/or savings plans, most often with a guaranteed return”.
The FSMA warns consumers against these “tempting offers”, because often behind them are fraudsters who are not authorised to make such offers, looking to take their savings.
The scammers are reaching out to victims by telephone without having asked to be contacted.
Over the past few weeks, the FSMA has been informed of fraudulent activities via the following websites:
- www.choices-invest.com (trade name: Choices-Invest or Choices Invest); and
- www.index-capital.be (trade name: Index Capital or Index-Capital)
The FSMA said that the people behind the websites are not authorised to offer investment services in Belgium.