On 25 May 2010, the AFM decided to issue a public warning against Mr S.R. Kooij (Kooij Financieel Advies, KFA) because of the fact that KFA had been offering investment objects, without holding the required licence. This warning was published on the AFM website on 2 June 2010.
After reconsideration, the AFM arrived at the conclusion that KFA had largely done justice to the line of reasoning of the obligation to include the so-called 'Wild West sign' (stating in certain documents that the provider is not required to hold a licence pursuant to the Financial Supervision Act and is not supervised by the AFM). Issuing this warning was therefore not opportune in the present case.
The AFM promotes fairness and transparency within financial markets. We are the independent supervisory authority for the savings, lending, investment and insurance markets. The AFM promotes the conscientious provision of financial services to consumers and supervises the honest and efficient operation of the capital markets. Our aim is to improve consumers’ and the business sector’s confidence in the financial markets, both in the Netherlands and abroad. In performing this task the AFM contributes to the prosperity and economic reputation of the Netherlands.
The AFM is committed to promoting fair and transparent financial markets.
As an independent market conduct authority, we contribute to a sustainable financial system and prosperity in the Netherlands.