On June 5, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added GADVM to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

GADVM fails to disclose its regulatory information and licensing data, which is a clear indicator of a scam. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. This is a red flag. GADVM purports to be operated by GADVM Limited and have an office in Luxemburg. Therefore, we searched for this company in the register of the Financial Industry Authority (CSSF), Luxemburg's financial regulator, but found no matching entries. In addition, the Comisión Nacional del Mercado de Valores (CNMV) has added GADVM to its warning list for providing investment services without authorization.

In essence, GADVM is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

On June 9, 2023, the Italian Companies and Exchange Commission (CONSOB) ordered GADVM's website to be blacked out since it offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-9-june-2023/718268.