AMF warns against engaging in unauthorized investment services

bscs warning

According to the Autorité des marchés financiers (AMF), the validity and reliability of the investment services offered by appears to be uncertain.

Following several reports of French investors about, the AMF issues a public warning concerning this website that pretend to offer various investments particularly in startup companies, real estate investment companies (SCPI), French equity saving plans (“PEA”), commodity markets etc without any authorizations.

The AMF recommends that investors do not take up these solicitations from said website and do not communicate them to third parties, in any form whatsoever.

Lastly, the AMF reminds investors and individuals responsible for marketing investment products to follow these safety guidelines before making any investment:

  • no advertising materials should make you overlook the fact that high returns always involve high risk;
  • learn as much as you can about the company or intermediary trying to sell you a product (authorisation/certification, company history, location of head offices, etc.);
    only invest in a product you understand;
  • ask yourself how, and by whom, the purchase price or selling price of the advertised product is set, and find out the precise terms and timeline for selling the product, especially in cases where the product invests in an asset class with low liquidity.

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