The ACPR, AMF and DGCCRF are warning the public about a large-scale advertising campaign called "Plan B", which is being distributed by email and social media. Investors are asked to use extreme caution.
Large numbers of individuals have received advertising materials via email or social media in recent weeks as part of an advertising campaign called "Plan B". These ads present the product as an alternative to Livret A savings accounts and promise investments with unrealistic rates of return (over 12% annually).
Investors are led to websites (notably leplanb.biz, Interactiveoption.com and BourseBinaire.fr), where they are encouraged to invest in binary options. Some of these sites offer the services of an adviser "authorised by the Banque de France's ACPR". These sites either direct users or are linked to the Cyprus-based company Pegase Capital Ltd, which was recently sanctioned by its supervisory authority, Cysec.
Owing to the highly risky nature of the products being offered (binary options), the lack of balanced information and the failure to disclose risks, the ACPR, AMF and DGCCRF warn individual investors to use extreme caution with respect to the "Plan B" offering. The authorities also advise individuals not to respond to the proposals of the various intermediaries listed on the sites involved in this advertising campaign, especially those made by a person presenting herself as "Julie Maxence", publisher of the boursebinaire.fr website. Similarly, the ACPR and Banque de France emphasise that they have in no way "authorised" the "advisers" that these sites want investors to contact.
The ACPR, AMF and DGCCRF encourage investors to be vigilant as a matter of course by following some basic rules:
Want to know more?
Please visit the following websites:
Assurance-Banque-Épargne Info Service: www.abe-infoservice.fr, or call 0811 901 801 from Monday to Friday, 8am to 6pm.
AMF: http://www.amf-france.org, or call 01 53 45 62 00 from Monday to Friday, 9am to 5pm.
AMF Communication Directorate - Caroline Leau - Tel.: +33 (0)1 5345 6034 or +33 (0)1 5345 6028
ACPR Communication Department - Dominique Poggi - Tél : + 33 (0)1 49 95 42 59
DGCCRF Press Office - Marie Taillard - Tél : +33 (0)1 44 97 23 91