Jms Icav – The alleged financial service provider Jms Icav presented itself on its website as an online broker. There is currently no content on the website.

In April 2022, the Financial Markets Authority (FMA) of New Zealand published a warning notice. The financial regulator reported that the provider did not have an official registration.

If you have invested money with the online broker Jms Icav and are now facing repatriation complications, our lawyers can help you nationwide.

Jms Icav – Broker Overview

Currently, there is an extraordinarily high number of investment service providers such as Jms Icav. This means that investing in the unpredictable financial markets has never been as easy but also as risky as it is now. Especially because there are a lot of options, choosing a provider can be time-consuming and challenging. Especially if you want it to meet your personal investment needs.

Have you already invested with Jms Icav? If so, the following points are important for you as an investor.

  • There are several types of orders available for online trading.
  • Federally regulated online brokers, secure platforms, costs and brokerage fees, product options and client reviews are just some of the aspects you should consider when making your final decision.
  • Access to transnational financial markets is becoming easier and more lucrative for money investors through online investing.

The following are general suggestions for investors – regardless of the platform you invest money in.

Jms Icav – recognising reputable brokers

There is a diverse range of investment opportunities available to money investors, with professional and questionable service providers competing for their attention. There are many indications that a service or product does not inspire confidence, and it is relevant to focus on this. Here you will learn what to look for when investing your hard-earned capital.

Banking, financial services and insurance companies such as Jms Icav are only allowed to operate in the Federal Republic of Germany with state authorisation. The companies may have obtained a licence, but this in no way means that the services they offer are of good quality. Assuming that a prospectus or information sheet approved by the Federal Financial Supervisory Authority has been published in advance, share certificates and investments can also be made available to the general public.

The prospectus or information sheet for the product presented may be justified, but this does not mean that this is guaranteed. BaFin only ensures that the prospectuses are complete, comprehensible and coherent. The prospectus or information sheet of Jms Icav is not required in every context.

Before you invest, you should think about your long-term objectives and check whether you have the economic means to achieve them. Do not rush the process. Before putting your assets into an investment, take time to look at the pros and cons. Do not make a choice immediately, even if you have consulted with others.

Jms Icav – did you contact them by fax?

Have you ever received stock proposals by email from a financial services provider like Jms Icav that you don’t know? Do you receive fax messages from the stock exchange that you did not ask for? Or have you received an apparent “secret tip”? Money investors should beware of such suggestions, because they are usually spread by unscrupulous groups or brokers who want to profit from a false success story by selling securities.

Cases have also become known in which consumers are contacted by an apparent stock exchange supervisory authority. It is falsely claimed that the persons contacted have become victims of a fraud and that the respective data has been passed on to the stock exchange supervisory authority by the alleged Federal Public Prosecutor’s Office in Karlsruhe.

The persons contacted are asked to fill out an Internet form. This is an obvious attempt at fraud. In any case, we advise against contacting the same person or providing sensitive data such as user names, passwords, credit card numbers or other identifying information such as your account data at Jms Icav.

Pump and Dump: How does the scam work?

The term pump and dump is used to describe a situation where the market price of a share is unnaturally inflated by insiders. Subsequently, this share is sold again at a loss to the other financiers. This is therefore a fraud. A fraud that profits from the ignorance of small investors and stock market novices. This approach is therefore not permitted on a controlled securities market and for providers such as Jms Icav.

The crypto market, in contrast, is still largely “Wild West” as far as such tactics are concerned. Because of this, special vigilance is required! Pump-and-dump scams are frequently encountered there in the context of the so-called altcoins. The pump-and-dump scam is used by criminals to drive up the market price of an unknown or even independently created currency.

They achieve this by propagating misinformation on the net or in social media or by luring co-investors with unreasonable profit expectations. So make sure that the provider Jms Icav provides you with all the necessary information on the subject matter, if applicable.

How can you recognise investment fraud?

You want to invest money with Jms Icav? Then you should find out all the important information about the company. Investment fraud is a special form of fraud. The criminal promises or deceives a larger circle of people about a profitable investment in the capital market. Capital investment fraud is sanctioned by a prison sentence of up to three years or a fine according to § 264a StGB.

The following services and strategies can sometimes be considered as capital investment fraud:

  • Criminals use the brand name of the provider Jms Icav and clone the company
  • Investments in shares, funds and certificates
  • Unsolicited telephone advertising calls, so-called cold calling
  • Boiler Room Scam, a cold call seeking investors by phone call

Anyone who has fallen for investment fraudsters has usually invested a lot of money. What can you do in case of investment fraud?

  1. Revoking or contesting contracts: Affected persons who have concluded a contract can revoke or contest it in the case of investment fraud.
  2. Retrieve money: If payments have been made via credit card, in many cases this can be retrieved through the intervention of a law firm. In the case of transfers from the current account, this can often be recovered by bank order.
  3. Involve the criminal police and financial supervisory authority via a lawyer: Collective police proceedings exist against certain fraudulent companies in Germany and also abroad. The criminal police are authorised to have the bank accounts of the fraudsters blocked and the money seized. In addition, the public prosecutor’s office is called in.
  4. Assert claims for damages: Persons who were improperly informed can assert claims for damages against the investment advisor.

Surprising offers of help to recover investments?

Anyone who has ever lost money through a fraudulent investment platform knows how fatal that can be. That alone is bad enough. But in addition, the criminals behind the bogus scheme contact you by email or phone call within a very short time. This time, however, they do not pose as online brokers from Jms Icav.

Instead, they guarantee to help recover the lost money in exchange for a payment. Many scammers even appear to have been hired or contracted by reputable companies such as a financial authority. After stealing your sensitive data, the scammers often pose as good Samaritans. They promise to help you recover the stolen money. Even if you have invested money with a provider such as Jms Icav, your data may be stolen.

Those who have lost an immense amount of money are usually desperate. The criminals take advantage of people’s worry by posing as “recovery companies”. They offer their services under the pretext of helping them get their capital back. This means they securitise in a dubious manner that they will recover the lost capital.

Repaying investments with Jms Icav: Increase your chances

Investors who have lost money with a provider such as Jms Icav, or who are having difficulty getting their winnings paid out, should first stop further payments. It is then highly advisable to seek legal advice to assess any chances of recovering your money. It is important:

  • seek legal support
  • do not despair
  • act quickly

Do you have questions about the service provider Jms Icav? Then our lawyers are ready to provide you with information. Feel free to contact us. At this point you will come to our contact form to discuss Jms Icav.