File a Complaint Against
Know Your Options and Recover Your Funds
Caution Investors Parallel Investment – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
Parallel Investment: A Boiler Room Scam to Avoid
If you are looking for a reliable and trustworthy investment company, you might want to steer clear of Parallel Investment. This company has been flagged by the Dutch Authority for the Financial Markets (AFM) as a suspected boiler room scam. In this blog post, we will explain what a boiler room scam is, how Parallel Investment operates, and why you should avoid it at all costs.
Regulation and Compliance:
According to the AFM, Parallel Investment is not authorized to provide any financial services or products in the Netherlands or in any other European country. The company does not have an AFM license or a European Passport, which means it is operating illegally and without any oversight or protection for investors. The AFM warns consumers not to respond to any offers from Parallel Investment, as they are likely to lose their money or become victims of identity theft.
A quick online search reveals that Parallel Investment has a very poor reputation among customers and reviewers. Many people have reported being contacted by the company unsolicited and being pressured to invest in dubious or non-existent shares. Some have also complained about being harassed by phone calls, emails, and messages from the company’s representatives, who use aggressive and deceptive tactics to persuade them to invest more money or to prevent them from withdrawing their funds. Some customers have even reported being threatened with legal action or violence if they refuse to cooperate.
Products and Services:
Parallel Investment claims to offer a variety of investment products and services, such as stocks, bonds, commodities, forex, cryptocurrencies, and more. However, these products and services are either fake or overpriced and do not reflect the true value or performance of the underlying assets. The company also claims to have access to exclusive deals and opportunities that are not available elsewhere, but these are nothing but lies designed to lure unsuspecting investors into their trap.
Parallel Investment claims to be based in Amsterdam, the Netherlands, but this is also a lie. The company does not have a physical address or a registered office in the country, and its website does not provide any contact details other than a phone number and an email address. The company also uses a fake domain name that mimics the name of a legitimate investment firm. The website itself is poorly designed and contains many grammatical and spelling errors, which indicate a lack of professionalism and credibility.
Parallel Investment does not have a customer service department or a support team that can help investors with their queries or issues. The only way to communicate with the company is through phone calls or emails, which are often ignored or answered with vague or misleading information. The company’s representatives are rude, unprofessional, and unhelpful, and often resort to intimidation or manipulation to get what they want from customers. The company also does not provide any transparency or accountability for its operations or transactions and does not issue any receipts, statements, or contracts.
Parallel Investment is a boiler room scam that should be avoided by anyone who values their money and their safety. The company is not regulated or licensed by any authority and does not offer any legitimate or valuable products or services. The company uses fraudulent and unethical methods to solicit and exploit customers, who end up losing their money or their personal information. The AFM has issued a warning against Parallel Investment and advises consumers to report any contact from the company to the authorities. If you have been contacted by Parallel Investment, do not respond or engage with them, and do not give them any money or information.