AFM warns against Orix Capital Trading


Today, AFM warns against Orix Capital Trading. The Dutch regulator suspects the entity of boiler room practices. Also, the Malta regulator, MFSA issued a warning against the broker today as well. 

7 December, AtoZForex – The Dutch Authority for the Financial Markets (AFM) warns investors not to respond to the alleged boiler room broker. Not only the AFM warns against Orix Capital Trading, but the local watchdog also advises traders not accept any offers from the entity.

Why traders should avoid a boiler room?

According to the AFM, a boiler room is a collective term for fraudulent individuals and organizations. These individuals or organizations uses smart salespeople for calling potential investors. The intention of the scam is to pressure them into buying shares that promise high returns. This is named cold calling, and the truth is these shares are either worthless or non-existent.

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AFM warns against Orix Capital Trading

In the Dutch watchdog’s warning, it was mentioned that the suspected financial service firm operates under the name Orix Capital Trading. The broker claims to have an office in Hirakawacho Mori Tower 13F 2-16-1, Hirakawacho, Chiyoda-ku, Tokyo, Japan. Also, the AFM reveals that the company’s phone number is +81 345 895 010, fax number as +81 345 895 014. Meanwhile, the boiler room sends out emails through the accounts:

The regulator states clearly that the firm does not have an AFM license or a European Passport. Also, the watchdog suspects the company of possible boiler room activities. As Orix Capital Trading have been caught cold calling investors without permission. While, the firm was trying to offer individuals unrealistic investment proposals.

Orix Capital got slapped with a 2nd warning

Orix Capital Trading receives a warning, also today, from Malta Financial Services Authority (MFSA). It was first identified by the AFM but later on, MFSA issued a warning against the same fraudulent boiler room.

Furthermore, MFSA advises investors not to enter into any financial services transaction. Unless they made sure of the entity's authorisation. MFSA urges traders to make sure if the company has the authority to provide services from any financial services regulator.

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