Teqra has received a securities fraud warning by Spain’s Comision Nacional del Mercado de Valores (CMNV).

The CMNV is Spain’s top financial regulator (SEC equivalent).

The CMNV
issued its Teqra warning
on May 17th.

Teqra Holding SRL is not authorised to provide the investment services detailed in Article 140 of the Spanish Securities Markets Act.

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

BehindMLM
reviewed Teqra
back in March, identifying it as a Boris CEO Ponzi scheme with Russian origins.

Teqra is part of a group of Boris CEO Ponzi schemes that
collapsed
over the past week.

The CMNV’s securities fraud warning was issued six days prior to Teqra’s collapse.

🤖 Quick Answer

What is the CMNV and what action did it take against Teqra?
The CMNV (Comisión Nacional del Mercado de Valores) is Spain's principal financial regulator, equivalent to the SEC. On May 17th, it issued a securities fraud warning against Teqra Holding SRL, determining the company lacked authorization to provide investment services under Article 140 of Spain's Securities Markets Act.

What was BehindMLM's assessment of Teqra?
BehindMLM identified Teqra as a Ponzi scheme with Russian origins, operated under the Boris CEO model. The review was conducted in March, prior to the company's subsequent collapse.

When did Teqra collapse relative to the CMNV warning?
Teqra collapsed six days after the CMNV issued its securities fraud warning on May

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