Antares Trade securities fraud warning issued by Spain
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.