Mayfair Funds (Myfair 23), Highfrequency, Trading Company and Sep Society

25 sep 2015 Waarschuwing van een buitenlandse toezichthouder

The Financial Services and Markets Authority (FSMA) warns the public against the activities of Mayfair Funds (also known under the name Myfair 23) and Highfrequency, companies that offer highly risky investment instruments in Belgium without complying with Belgian financial legislation.

Mayfair Funds (also known under the name Myfair 23) and Highfrequency are not authorized investment firms or credit institutions in Belgium. They are therefore not allowed to provide banking and/or investment services in or from Belgium.

Furthermore, certain investment instruments that these companies offer, i.e. binary options and/or forex products, are speculative and involve significant risks, with the investor in such products running the risk of losing the entire amount invested or, in some cases, even more than that amount. The FSMA already published a warning in June 2011 about the risks associated with speculative transactions in currencies (forex products) and another one about the risks associated with binary options in May 2014.

Finally, Mayfair Funds (Myfair 23) and Highfrequency have not published a prospectus approved by the FSMA, as is required before any public offering of investment instruments may be made within the territory of Belgium.

The FSMA therefore strongly advises against responding to any offers of financial services or to any public offers of investment instruments made by Mayfair Funds (Myfair 23) and Highfrequency and against transferring money to any account number they might mention.

Mayfair Funds (Myfair 23) uses the website www.mayfairfunds.com and also uses a Bulgarian and Georgian bank account, purportedly opened in the name of Sep Society. On its website, Mayfair Funds (Myfair 23) claims, moreover, to be a subsidiary of the Trading Company.

Highfrequency uses the website www.highfrequency.trade.

According to information in the FSMA’s possession, Belgian financial consumers who have invested in these companies have not been able, to this day, to recover the amounts invested.

The FSMA recommends vigilance with regard to companies such as this one that offer binary options, forex products or other risky investment instruments. Always verify that any company which is offering you financial services has the requisite authorization. For more recommendations, please consult the general warning published by the FSMA on 25 September 2015 on its website.

If you wish to check in general whether a proposed transaction complies with the financial regulations, please use the search function (available in Dutch and French only) on the website of the FSMA. You can also contact the FSMA (email address: info@fsma.be).

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