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CMVM issues warning for investors concerning BBVA MIDAS


​24 September 2021

 

The CMVM issues warning for investors concerning BBVA MIDAS with the website https://bbvam-privileges.com/. Said entity is not authorised to carry out any type of financial intermediation activity in Portugal, under article 295 (1) (a) and (b) of the Portuguese Securities Code.  

Furthermore, this entity is not authorised to carry out advertising or client prospecting aimed at entering financial intermediation contracts. 

The CMVM clarifies that this entity, contrary to what have been disclosed, has no relation with the authorised financial intermediary, BANCO BILBAO VIZCAYA ARGENTARIA, S.A., SUCURSAL EM PORTUGAL, registered with the CMVM, which is not the subject of this warning or, in any way, intended by it.  

In order to ensure that a certain entity that provides investment services in financial instruments is authorised to carry out said activity in Portugal, one should consult the list of authorised financial intermediaries via the following link http://web3.cmvm.pt/english/sdi/ifs/app/pesquisa_nome.cfm?nome%20 or via the list of entities authorised to provide financial services in Portugal under the freedom to provide services (LPS) via the link http://web3.cmvm.pt/sdi/ifs/LPS/index.cfm

Any person or entity that has established any business relationship with persons claiming to represent the above-mentioned entity, may contact the CMVM via the Toll-free number 800 205 339 (support line) or by e-mail at cmvm@cmvm.pt.