The AMF warns investors about Algorates Limited
Algorates Limited (website www.algorates.com), with headquarters at 13 Freeland Park, Wareham Road Poole, Dorset BH16 6FH United Kingdom, offers investment funds to the public in France.
Algorates Limited is not authorised to provide investment services or collective asset management services in France.
Lastly, the investment funds that it offers have not been approved by the AMF and are not authorised for marketing in France.
Consequently, AMF advises investors to ignore approaches from this company and not to forward them to third parties in any form whatsoever.
Do not believe any advertising message suggesting that there are high returns without high risk. Any product suggesting a rate of return higher than the money market rate (investors may also refer to the interest rate on a savings account such as the "Livret A" in France) necessarily carries significant risk.
To ensure that the intermediary that offers you financial products and services is authorised to operate in France, you can consult the list of approved investment services providers (https://www.regafi.fr) or the list of authorised intermediaries in the category of financial investment advisor (CIF) or crowdfunding investment advisor (CIP) (https://www.orias.fr/search). If the entity is not on any of the lists, we strongly advise you not to respond to its offers, since it is in breach of applicable legislation and is not obliged to comply with basic rules on investor protection, disclosure or complaint handling.
Do you have questions?
Find information on our website:
http://www.amf-france.org or contact our investors' helpline, AMF Epargne Info Service, on +33 (0)1 5345 6200 from Monday to Friday, 9:00 am to 5:00 pm
About the AMF
The AMF is an independent public authority responsible for ensuring that savings invested in financial products are protected, providing investors with adequate information and supervising the orderly operation of markets. Visit our website www.amf-france.org
AMF Communication Directorate - Caroline Leau - Tel: +33 (0)1 5345 6039 or +33 (0)1 5345 6028
On the same topic
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02