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

FCA publishes Decision Notices against three bond traders for market manipulation

The FCA has published Decision Notices given to Diego Urra, Jorge Lopez Gonzalez and Poojan Sheth, three bond traders, for market abuse. The FCA has...

Guidelines On policies and procedures in relation to compliance management

You have the option below to allow a unique web analytics cookie to be stored on your browser, enabling the operator of the website to collect and analyse various types of statistical data.

Release Order – IFL Promoters Ltd., Anjana Gupta and Kishan Gupta in the matter of IFL Promoters Ltd. : Certificate No. 5003 of 2022.

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Get the latest from Regulatory.News in your inbox!

×