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Morgan Stanley and Blackrock brands improperly used as bait

Catalogue record · Not independently verified
Sitio web
https://www.consob.it/documents/d/asset-library-1912910/press_20241118 ↗
Jurisdicción
Italy
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Not assessed

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Commissione Nazionale per le Società e la Borsa

Catalogue reference · Recorded date: 2024-11-25. Confirm the exact legal entity and current status with the authority.

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Commercial name
Morgan Stanley and Blackrock brands improperly used as bait
Authority jurisdiction
Italy
Authority reference
46
Categories
7
Category details
Other
Additional catalogue information
Financial frauds also spread on Whatsapp - Morgan Stanley and Blackrock brands improperly used as bait - Consob warns against the risks of illicit offers that can mislead savers (Press Release of 18 November 2024). Financial frauds also spread on Whatsapp. The most widespread messaging system can become a vehicle for illicit offers which, by entering in the smartphones of the undifferentiated public and improperly leveraging well-known names in international finance such as 'Morgan Stanley' or 'Blackrock', can mislead savers and induce them to fall into a trap in which they risk losing their money. This is the latest Consob warning which, after having alerted against the pitfalls of online trading 'video games' and scams circulating on social networks, now also highlights the risks associated with messages spread through Whatsapp. The pattern is always the same: unauthorised operators promote on the web seemingly profitable offers, behind which, however, a scam may be hidden. In this specific case, the brands of Morgan Stanley and Blackrock, two large institutional investors whose investment strategies are being replicated, are being used as a lure.
Validation date
2024-11-25
Modification date
2024-11-25
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