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News releases AMF: 2018

The AMF issues a public warning about the website https://capitalncl.com/

Published on November 2, 2018

The regulator is warning the public about the activities of the website https://capitalncl.com/, which encourages retail investors to invest in various projects and falsely claims to have a crowdfunding adviser (CIP) licence.

The website https://capitalncl.com/ proposes investments in various projects and states in its general terms and conditions of sale that its operator is authorised to carry out crowdfunding adviser activities.
However, this platform has no legal licence, either as a CIP or an investment services provider (ISP), authorising it to offer investors in French territory subscriptions to securities through a website meeting certain conditions.
In addition, UK regulatory authorities have issued a warning regarding the platform on the grounds that it is a ‘clone firm’ that has stolen the identity of another company.
The AMF recommends that investors do not take up these solicitations and do not communicate them to third parties, in any form whatsoever.


Lastly, the AMF reminds investors and individuals responsible for marketing investment products to follow these safety guidelines before making any investment:

  • no advertising materials should make you overlook the fact that high returns always involve high risk;
  • learn as much as you can about the company or intermediary trying to sell you a product (authorisation/certification, company history, location of head offices, etc.);
  • only invest in a product you understand;
  • ask yourself how, and by whom, the purchase price or selling price of the advertised product is set, and find out the precise terms and timeline for selling the product, especially in cases where the product invests in an asset class with low liquidity.



About the AMF
The AMF is an independent public authority responsible for ensuring that savings invested in financial products are protected, that investors are provided with adequate information and supervising the orderly operation of markets. Visit our website https://ww.amf-france.org
 

Do you have any questions? For all information, go to the following websites:
Assurance-Banque-Épargne Info Service : https://www.abe-infoservice.fr/ or call 0811 901 801, Mondays to Fridays from 8am to 6pm.
AMF : https://www.amf-france.org/ or call 01 53 45 62 00, Mondays to Fridays from 9am to 5pm.
ACPR : https://acpr.banque-france.fr/ 

Contact press:
AMF Communication Directorate - Caroline Richard - Tel: +33 (0)1 5345 6039 or +33 (0)1 5345 6028  

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Legal information
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