CashFX Group has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).

As per the
CNMV’s December 20th warning
, CashFX Group

is not authorised to provide the investment services set out in Article 140 of the Spanish Securities Markets Act, which include(s) investment advice.

This is the equivalent of a securities fraud warning in other jurisdictions.

To date twenty jurisdictions have issued regulatory warnings against CashFX Group;
the Dominican Republic
,
Singapore
, 
Australia
,
Portugal
,
Sweden
, 
Ireland
, 
South Africa
, 
the Philippines
, 
Belgium
, 
New Zealand
,
Jersey
, Canada (
New Brunswick
,
Manitoba
,
Saskatchewan
, 
Quebec
and
British Columbia
), 
Panama
, 
the Bahamas
,
Norway 
and
the UK
.

Throughout 2021 CashFX Group has prolonged its inevitable collapse by delaying and restricting withdrawal requests.

Things came to a head in November, just prior to the holiday shopping season, when CashFX Group
disabled withdrawals altogether
.

As of early December CashFX Group withdrawals were still disabled.

Around the time withdrawals were disabled, founder and CEO Huascar Lopez
stated
CashFX Group will be caught up on withdrawal requests by the end of Q4, 2021.

That’s three days away and I believe CashFX Group withdrawals remain disabled.

Alexa traffic analysis reveals a steady decline in visits to CashFX Group’s website over the past few months.

Current top sources of traffic to CashFX Group’s website are Australia (19%), the US (17%) and Nigeria (14%).

🤖 Quick Answer

What is CashFX Group and why has Spain issued a securities fraud warning?
CashFX Group is an investment services firm that received a December 20th warning from Spain's CNMV for operating without authorization. The company lacks licensing to provide investment services and advice under Spanish Securities Markets Act Article 140, equivalent to fraud warnings issued by twenty global jurisdictions including Australia, Canada, UK, and Singapore.

Which regulatory authorities have warned against CashFX Group?
Twenty jurisdictions have issued regulatory warnings against CashFX Group: Dominican Republic, Singapore, Australia, Portugal, Sweden, Ireland, South Africa, Philippines, Belgium, New Zealand, Jersey, Canadian provinces, Panama, Bahamas, Norway, and United Kingdom, indicating widespread international compliance violations and investor protection concerns.

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