Investor Alert: CNMV Cautions against Unregistered Financial Institutions

<p>The National Securities Market Commission (CNMV) has
recently issued warnings on several entities operating in the financial sector,
cautioning investors against engaging with these institutions due to their lack
of proper authorization.</p><p>Unauthorized Entities Listed in CNMV's Warning</p><p>The following entities have been named in the CNMV's
official warning:</p><ol><li>GESTION-IMV.COM
(CLON)</li><li>ESPACEGESTION-IMV.COM
(CLON)</li><li>IMV-GESTION.COM
(CLON)</li><li>TRADERPRO
FX</li><li>TRADERPROFX.COM/BUSINESOFT
LTD</li><li>primeoptstrade.com/PRIMEOPTS
TRADE LTD</li><li>INVEXPLUS.COM
(CLON)</li><li>EXITOSOFX.COM/EXITOSOFX</li><li>cmfxtrade.com</li><li>CM
FX TRADE</li><li>FERGATEX.IO</li><li>FERGATO
LLC</li><li>prime-capitalpro.com/PRIME-CAPITALPRO</li></ol><p>According to the CNMV, these entities are not registered in
its corresponding registry, and therefore, they do not possess the necessary
authorization to provide investment services or other activities supervised by
the CNMV.</p><p>Additionally, the CNMV has clarified that these entities have no
affiliation with legitimate financial institutions that are registered with the
CNMV. For instance, GESTION-IMV.COM and its variants have no association with
INTERMONEY VALORES, SOCIEDAD DE VALORES, S.A., a registered Spanish entity. Similarly, INVEXPLUS.COM (CLON) is not related to INDEXUS
GROEP B.V., which is properly registered in Spain as an Empresa de Servicios de
Inversión del Espacio Económico Europeo en Libre Prestación.</p><p>In response to these warnings, the CNMV has encouraged
investors to verify the registration status of financial institutions before
engaging with them. They can do so by contacting the CNMV's investor service
hotline or by utilizing the search engine available on the CNMV's official
website.</p><p>If anyone comes across investment service offers from
unregistered institutions, the <a href="https://www.financemagnates.com/tag/cnmv/">CNMV</a>
encourages them to report such instances through the CNMV's inquiry form or the
whistleblowing channel established for reporting infringements.</p><p>CNMV
Implements New Measures to Protect Spanish Retail Investors</p><p>The CNMV's resolution, effective
from August 3, 2023, <a href="https://www.financemagnates.com/institutional-forex/cysecs-notice-to-cifs-conformance-with-cnmvs-cfd-measures/">has
introduced strict measures to protect retail investors in Spain</a>. It
includes bans on advertising CFDs and leveraged instruments to <a href="https://www.financemagnates.com/tag/retail-investors/">retail investors</a>,
limits on remuneration and sales techniques related to these products, and
intervention measures to regulate their marketing and distribution. </p><p>Furthermore, these restrictions
apply to all authorized entities offering investment services in <a href="https://www.financemagnates.com/tag/spain/">Spain</a>, encompassing both
firms with a physical presence in the country and those operating under the
freedom to provide services without a physical presence, thus, affecting the marketing and sale of <a href="https://www.financemagnates.com/tag/cfds/">CFDs</a>
and leveraged products to retail investors in Spain.</p>

This article was written by Tareq Sikder at www.financemagnates.com.