S

Spanish CNMV issues warning against five illegal broker

CNMV warnings
Spread financial intelligence

The Spanish regulator CNMV has started the week with an investor warning against five brokers operating illegally. According to our research, all five brokers are not only operating illegally, but in addition, they are also scams. Illegally acting brokers do not necessarily intend to defraud their clients but operate without the necessary regulatory permission or violate regulatory frameworks. Scams, however, always have the intent to defraud; it’s their business model. The boundaries are blurred. In any case, stay far away.

If you have information about any of the scams listed above or about other scams and their operators, please share it with us through our whistleblower system, Whistle42.

CategoriesCNMV

Leave a Reply

Your email address will not be published. Required fields are marked *