The Superintendency of the Securities Market (SIMV) today warned the population about the spread on the Internet of supposed mechanisms of investment involving the Foreign Exchange Market or Foreign Exchange Currency Market (Forex), virtual assets, cryptocurrencies and in some cases pyramid schemes, which offer unlikely returns.
Through a notice, the SIMV exhorted the public to be aware of the risks that derive from the materialization of operations in non-regulated markets or participating in schemes of investment unrelated to the regulatory mechanisms and the consequences derived from carrying out activities inherent to the Stock market through natural or legal persons who are not registered in the Registry of the Stock market.
“It is reiterated not to act on advertising stimuli on social networks and the internet or motivated by being approached through telephone calls and even by those related in person, unless they are duly registered entities, as they could constitute high-risk offers. of loss, which escape the protection granted by the legal framework of the Dominican Republic”, suggested the superintendence.
The institution recommended verifying the Registry of the Stock market through the SIMV website or request information at its facilities in order to validate the values of registered public offerings, as well as the companies authorized to operate at the national level.
“We urge the public to stay informed about the periodic warnings made by this regulatory body through the mass media and, especially, on its social networks and web,” the publication indicates.
In addition, the entity called on the population to pay special attention to measures to prevent financial fraud, among them: distrust promises of high profitability or unlikely profitability, be cautious with the offer of investments through social networks, be wary of warning signs such as unexpected calls or emails and pressure to make a investment immediately.
Likewise, promises of large bonuses, companies domiciled abroad and that do not have any representation in the country and pyramid schemes in which they are asked to attract other people, among others.
