Tofro Exchange
Flagged by Bank of Lithuania, The Dutch Authority for the Financial Markets · The Netherlands (NLD)
Products / Services Flagged
Official Warnings (2)
The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Tofro Exchange. This company is a suspected boiler room, a form of online investment fraud. Tofro Exchange has approached persons with out being asked, to offer them in vestment 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 Tofro Exchange does not have an AFM license or a European Passport.
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Other Flagged Firms (NLD)
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.