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French AMF warns against MAG Asset investment company


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The Autorité des marchés (AMF) has just warned the public against the activities of MAG Asset. According to the regulator, the company is inciting savers to invest in various mutual funds without authorisation.

MAG Asset is operating via its website www.magasset.com.

The official warning can be seen below:


The entity MAG Asset (www.magasset.com) suggests that individual investors invest in various mutual funds. Its e-mail solicitation presents false marketing documents and provides a link to the Registercorp register on which the company is listed. The funds proposed by MAG Asset, which are not authorised for marketing are: the MAG-RFX 017 mutual fund, and the MGA ANGEL 1718 and MAG-CRYPTOFUND innovation mutual funds.

The AMF wishes to inform investors that MAG Asset does not have the legal statutes authorising it to offer investors subscription to mutual fund units in France. Moreover, the register mentioned by MAG Asset is not one of the official registers listing companies authorised to provide investment services in France.

The AMF recommends that investors do not respond to solicitations from persons attached to this entity and do not pass on the information to third parties in any form whatsoever.

Lastly, the AMF reminds investors and individuals 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 (authorization/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.

The previous similar AMF warning was issued just last week.

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French AMF warns against MAG Asset investment company

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