The Financial Services and Markets Authority (FSMA) on Wednesday issued a public warning about the activities of AB Investment, a company that offers investment services in Belgium.
AB Investment is offering consumers the opportunity to invest in binary options, futures or options, with the promise of large gains, the market watchdog warns in a statement. The company is using the websites ab-investment-acces.net, ab-investment.net and cbcgroup-lu.com/login.
The FSMA reports that this company and this person do not have the authorisation to offer investment services in Belgium. In many cases, consumers report being contacted by a person claiming to be Paul Willems (paul.willems@ab-investment.net or paul.willems@cbcgroup-lu.net).
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The CSSF, the Luxembourg supervisory authority, issued a warning about AB Investment on 22 July 2022. CSSF's warning mentioned a similar situation where an unknown person was misusing the name and address of the financial holding company. When CSSF sent the warning, the unknown person was claiming to be AB Investment Financial Company and Ackermann & Ballard.
The FSMA strongly advises against following up on offers from AB Investment and paying money into an account number provided by this company.
