Spain's financial markets supervisor, CNMV, has issued a guide warning 'finfluencers' about their responsibility on social media when disseminating investment advice and the risks of spreading false or misleading information.
The president of Spain's National Securities Market Commission (CNMV) acknowledged that existing regulations almost drove retail investors out of the stock market. The regulator is now working to simplify procedures to direct household savings into productive investments.
Criteria, based in Madrid, has formed an asset management firm to invest in third-party funds, a move outlined in its new strategic plan, pending CNMV authorization.
Spain's National Securities Market Commission (CNMV) has dismissed concerns about risks associated with private debt funds in the country, noting that exposure stands at 913 million euros, equivalent to 0.18% of global investment.
Spain's financial regulator, CNMV, has warned of 'irrational exuberance' in the market and announced plans to reform its code to regulate AI, while also commenting on tax incentives and 'finfluencers'.
Escalating tensions in the Middle East are causing a significant surge in jet fuel and gasoline prices globally. This increase is disrupting travel routes, raising concerns for European airlines' summer plans, and pushing US gasoline prices to their highest levels since the conflict began.
The CNMV, Spain's financial regulator, has published a major study on AI, identifying potential risks of losses for investors despite the technology's ability to outperform the market, citing "failures, errors, and hallucinations" that necessitate human oversight.
Spain's stock market regulator, CNMV, is supervising the situation at Indra and demanding transparency from the government and the Escribano family, as the company faces short-selling attacks. The bearish fund AQR has increased its bet against the stock, which has fallen by 7%.
Former footballer Gerard Piqué has been fined €200,000 by Spain's National Securities Market Commission (CNMV) for insider trading, part of a larger €300,000 penalty also involving businessman Francisco José Elías. The fines were imposed for operating with privileged information.
Spain's CNMV has given the green light to a venture capital firm belonging to the children of the late Mango owner, Isak Andic, managed by Altamar Private Equity.
The president of Indra has refused to resign and is demanding explanations from Moncloa regarding its change of criteria on the merger with Escribano, as government pressure has led to a further stock market decline. This follows SEPI's communication to the CNMV that it does not accept the 'conflict of interest' generated by the proposed merger.