Aggregated News From Investment Management Regulators

The Autorité des marchés financiers issues a public warning about the website www.sogevis.com

Report/Flag

Please complete the required fields.



The regulator is warning the public about the activities of the website www.sogevis.com, which falsely claims to have a crowdfunding adviser (CIP) licence and abusively uses the label “Plateforme de financement participatif régulée par les autorités françaises” without the required authorization.

The website www.sogevis.com is abusively using the label “Plateforme de financement participatif régulée par les autorités françaises” (crowdfunding platform regulated by the French authorities). The use of this collective mark is reserved for legal entities meeting various regulatory requirements(1).

This platform does not have a legal status as a CIA or ISP authorizing it to offer investors in France subscriptions to financial securities.

The AMF recommends that investors do not take up these solicitations 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, registration with ORIAS, 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.
Do you have any questions? For all information, go to the following websites:
Assurance-Banque-Épargne Info Service : https://www.abe-infoservice.fr/ or call 0811 901 801, Mondays to Fridays from 8am to 6pm.
AMF : https://www.amf-france.org/ or call 01 53 45 62 00, Mondays to Fridays from 9am to 5pm.
ACPR : https://acpr.banque-france.fr/  

About the AMF
The AMF is an independent public authority responsible for ensuring that savings invested in financial products are protected and that investors are provided with adequate information. The AMF also supervises the orderly operations of markets. Visit our website https://www.amf-france.org

[1] In order to be able to display the collective mark in question, legal entities must be: – registered on the French register of insurance, banking and finance intermediaries (ORIAS), as a crowdfunding investment advisor (CIA) or a crowdfunding intermediary; – authorized by the ACPR to provide an investment advisory service as an investment services provider (ISP) and offer financial securities offers through a progressive-access website that meets the characteristics set out in Article 325-32 of the General Regulation of the Autorité des Marchés Financiers.

Regulator Information

Regulator Name: Financial Markets Authority
Abbreviation: AMF
Jurisdiction: France

Recent Articles

SEC Charges Barred Broker and His Company with Defrauding Older Americans

Defendant Promised Hefty Returns while Spending Investors’ Money on Luxury Goods Washington D.C., Aug.

CPMI and IOSCO publish a discussion paper on CCPs’ practices for addressing non-default losses

See PDF published by the International Organization of Securities Commissions (IOSCO) here: Read more

FCA encourages market participants to continue transition of LIBOR-linked bonds

This statement is for issuers and bondholders of outstanding LIBOR-linked bonds. The FCA is strongly encouraging issuers and bondholders of outstanding LIBOR-linked bonds to...

Get the latest from Regulatory.News in your inbox!

×