Spain Regulator CNMV Exposes Fake Broker Dealer

[kreslik.news]

The Comision Nacional del Mercado de Valores (CNMV), the financial regulatory body of Spain, announced today in a statement that it has added to its warning list a new company that is illegally offering financial services to Spanish citizens.

The financial watchdog today blacklisted MCH Investment Strategies, which claims to operate as a Spanish broker dealer specialized in several financial services including asset management. The CNMV accuses the named company of soliciting clients and/or providing them with investment services despite not being authorized. Consequently, the firm has been found in violation of the second paragraph of Article 17 of the Securities ... (read more)