Japan-Based Financial Scam Artists

[Mulboyne]

Gulf News: DFSA intervenes in Japanese scam
Two UAE investors approached the Dubai Financial Services Authority (DFSA) last April, saying they'd fallen victim to a "boiler room" scam run by Charles Fleming Co Ltd in Japan. According to a statement by DFSA, the authority responded by providing the information to the Financial Services Authority of Japan (FSAJ), which accordingly closed down the company...Acting on the information from DFSA, the FSAJ found that Charles Fleming was neither registered with nor licensed by the Japanese authority as an investment advisor, and the alleged shares were not approved investments...Nevertheless, the Japanese authority does not issue a warning list of cold callers companies that place unsolicited sales calls from Japan. Instead, FSAJ's website hosts a warning list of foreign cold callers to protect Japanese investors.

Their website had them operating from the Sanno Park Bldg, 2-11-1 Nagata-Cho, Chiyoda Ku, Tokyo 100-617. They still have offices in Shanghai and Korea.

[GomiGirl]

Financial Advisors are not required to be registered or licenced in Japan. That is why there are so many of them here haunting seminars and "networking" functions collecting meishis.. ggrrr...

[Greji]

Financial Advisors are not required to be registered or licenced in Japan. That is why there are so many of them here haunting seminars and "networking" functions collecting meishis.. ggrrr...

Some of them are also known by another name that aligns with the other work they do. They are know as Sokaiya!