Regulatory Warning Flagged by 4 regulators

Hollis Kookmin Financial

Flagged by The Dutch Authority for the Financial Markets, Securities and Futures Commission, Financial Services and Markets Authority, Autorité des marchés financiers · Hong Kong (HKG)

Official Warnings (4)

The Dutch Authority for the Financial Markets The Netherlands
Unauthorised

The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Hollis Kookmin Financial. This company is a suspected boiler room. Hollis Kookmin Financial has approached persons without being asked, to offer them investment proposals. A boiler room is a collective term for fraudulent individuals and organizations using clever salespeople to call potential investors to pressure them into buying shares that promise high returns (cold calling). In reality the shares are either worthless or non-existent. The AFM has established that Hollis Kookmin Financial does not have an AFM license or a European Passport

Securities and Futures Commission Hong Kong
Unauthorised
Financial Services and Markets Authority Belgium
Unauthorised

warning 'boiler room'

Autorité des marchés financiers Quebec
Unauthorised

Hollis Kookmin Financial is reported to have approached investors to offer them investments that would earn them substantial profits. These practices are similar to those generally used as part of a boiler room scheme. The AMF fears that consumers who have made the decision to invest with this company lose their entire investment.

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This information is sourced from IOSCO I-SCAN and official financial regulators. Inclusion in this database does not necessarily mean the firm has committed fraud - it may indicate they are not authorized to operate in a specific jurisdiction. Always verify directly with the relevant regulator before making investment decisions.

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