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CNMV Issues Warning: MagmaCore Blacklisted
MagmaCore has been blacklisted by the Comisión Nacional del Mercado de Valores (CNMV), Spain’s financial regulatory authority. The CNMV has issued a warning to investors, highlighting the risks associated with MagmaCore due to its lack of proper regulation. Being blacklisted indicates that MagmaCore is considered an unregulated entity, posing potential risks of financial misconduct or fraud. Investors are strongly advised to avoid engaging with MagmaCore and to seek alternative, regulated investment opportunities. The CNMV’s warning underscores the importance of verifying the regulatory status of any financial service provider before making investment decisions.
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