Teqra has received a securities fraud warning by Spain’s Comision Nacional del Mercado de Valores (CMNV).
The CMNV is Spain’s top financial regulator (SEC equivalent).
The CMNV issued its Teqra warning on May 17th.
Teqra Holding SRL is not authorised to provide the investment services detailed in Article 140 of the Spanish Securities Markets Act.
This is the equivalent of a securities fraud notice in other jurisdictions.
BehindMLM reviewed Teqra back in March, identifying it as a Boris CEO Ponzi scheme with Russian origins.
Teqra is part of a group of Boris CEO Ponzi schemes that collapsed over the past week.
The CMNV’s securities fraud warning was issued six days prior to Teqra’s collapse.