News & Warnings

Questra Holdings / Questra World / Atlantic Global Asset Management

Warnings
18/07/2017

The Financial Services and Markets Authority (FSMA) once again warns the public against the activities of the Questra Holdings, Questra World and Atlantic Global Asset Management companies.

In spite of earlier warnings, the FSMA continues to receive questions from consumers regarding Questra Holdings, Questra World and Atlantic Global Asset Management, indicating that these companies are still active in Belgium.

The FSMA points out that these companies are not authorized investment firms or credit institutions. They are therefore not allowed to provide banking and/or investment services in or from Belgium.

Questra Holdings, Questra World and Atlantic Global Asset Management are spreading the rumour that they hold an authorization in Belgium or other European countries, which is not the case. There has been no contact with the Belgian supervisors with a view to obtaining authorization, despite what is also frequently claimed by the said companies.

Moreover, the system these companies offer clearly resembles that of a pyramid scheme or, at the very least, a Ponzi fraud. The FSMA refers readers to its general warning regarding this type of fraud, published on 23 September 2016.

Various foreign supervisory authorities have likewise published warnings about Questra Holdings, Questra World and Atlantic Global Asset Management:

  • the Austrian supervisory authority (FMA)
  • the Liechtenstein supervisory authority (FMA)
  • the Polish supervisory authority (KNF)
  • the British supervisory authority (FCA)
  • the Spanish supervisory authority (CNMV)

For all these reasons, the FSMA strongly advises against responding to any investment offers made by these companies and against transferring money to any account number they might mention

The FSMA also wishes to recall that there can be no high yield without a high risk. To claim otherwise is misleading and may even be fraudulent.

Would you like to enquire more generally as to whether a transaction being proposed complies with the financial legislation? Please use the search function available on the FSMA website. Feel free to contact the FSMA directly via the electronic contact form.

The Financial Services and Markets Authority (FSMA) once again warns the public against the activities of the Questra Holdings, Questra World and Atlantic Global Asset Management companies.

In spite of earlier warnings, the FSMA continues to receive questions from consumers regarding Questra Holdings, Questra World and Atlantic Global Asset Management, indicating that these companies are still active in Belgium.

The FSMA points out that these companies are not authorized investment firms or credit institutions. They are therefore not allowed to provide banking and/or investment services in or from Belgium.

Questra Holdings, Questra World and Atlantic Global Asset Management are spreading the rumour that they hold an authorization in Belgium or other European countries, which is not the case. There has been no contact with the Belgian supervisors with a view to obtaining authorization, despite what is also frequently claimed by the said companies.

Moreover, the system these companies offer clearly resembles that of a pyramid scheme or, at the very least, a Ponzi fraud. The FSMA refers readers to its general warning regarding this type of fraud, published on 23 September 2016.

Various foreign supervisory authorities have likewise published warnings about Questra Holdings, Questra World and Atlantic Global Asset Management:

  • the Austrian supervisory authority (FMA)
  • the Liechtenstein supervisory authority (FMA)
  • the Polish supervisory authority (KNF)
  • the British supervisory authority (FCA)
  • the Spanish supervisory authority (CNMV)

For all these reasons, the FSMA strongly advises against responding to any investment offers made by these companies and against transferring money to any account number they might mention

The FSMA also wishes to recall that there can be no high yield without a high risk. To claim otherwise is misleading and may even be fraudulent.

Would you like to enquire more generally as to whether a transaction being proposed complies with the financial legislation? Please use the search function available on the FSMA website. Feel free to contact the FSMA directly via the electronic contact form.