Antares Trade has received a securities fraud warning from Spain’s CNMV.
The Comision Nacional del Mercadeo de Valores is Spain’s top financial regulator (SEC equivalent).
As per the CNMV’s June 14th warning;
Antares Trade is not authorised to provide investment services detailed in … the Spanish Securities Markets Act.
This is the equivalent of a securities fraud warning in other jurisdictions.
BehindMLM
reviewed Antares Trade
in May 2020. Through AND points, we concluded Antares Trade was running a Ponzi scheme.
Antares Trade is not registered to offer securities in any jurisdiction
The CNMV’s warning follows a
similar securities fraud warning issued by Belgium
last month.
Footnote:
The linked CNMV warning is provided courtesy of Belgium’s FSMA.
The CNMV website isn’t user friendly both with respect to navigation or linking.
🤖 Quick Answer
What is Antares Trade and why did Spain's CNMV issue a warning?Antares Trade received a securities fraud warning from Spain's financial regulator CNMV on June 14th for operating without authorization to provide investment services under Spanish Securities Markets Act. The company is unregistered to offer securities in any jurisdiction and was identified as operating a Ponzi scheme structure.
What regulatory action has been taken against Antares Trade?
Spain's CNMV issued a securities fraud warning against Antares Trade for unauthorized investment services provision. This followed a similar warning from Belgium's FSMA the previous month, indicating coordinated regulatory scrutiny across multiple European jurisdictions regarding the company's operations.
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