Economists & Lawyers
The Spanish CNMV and the British British Columbia Securities Commission are warning against Economists & Lawyers.
Warning from the CNMV from 16 March 2015
Pursuant to the second paragraph of Article 13 of the Law 24/1988, July 28th the Securities Markets Act, the Comisión Nacional del Mercado de Valores, warns that:
ECONOMISTS & LAWYERS
Is not authorised to provide the investment services detailed in paragraph 1 and in letters a), b), d), f) and g) of paragraph 2 of Article 63 of the Spanish Securities Market Act, which includes investment advice, in relation to the financial instruments detailed in article 2 of the said Act, including, to such effects, transactions on foreign currency.
For any query, please contact the Comisión Nacional del Mercado de Valores enquiry line at 902 149 200 or visit the CNMV’s web site (www.cnmv.es).
Warning from the British Columbia Securities Commission from 29 July 2014
Background: Economists & Lawyers, which purports to have an office at the Spanish Embassy in the United Kingdom, offers a private placement program with high monthly returns.
We recently became aware that Economists & Lawyers sent an unsolicited e-mail message to a British Columbia (BC) resident, offering an opportunity to invest in its private placement program.
Economists & Lawyers is not registered to trade in, or advise on, securities or exchange contracts in BC.
We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.