Morgan Stanley and Blackrock brands improperly used as bait is identified in a source record attributed to Commissione Nazionale per le Società e la Borsa in Italy. Read the precise source finding and identity before drawing conclusions.
Source record and identity
- Name in source
- Morgan Stanley and Blackrock brands improperly used as bait
- Source authority
- Commissione Nazionale per le Società e la Borsa
- Source jurisdiction
- Italy
- Source validation date
- 2024-11-25
- Source modification date
- 2024-11-25
- Source category
- Other
- Additional source 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.
What the source category means
The category is reproduced above so the source finding can be read in its own terms. A listing does not establish every possible allegation about a business or show that a particular transaction was fraudulent.
Dates and scope
The source registration date held for Morgan Stanley and Blackrock brands improperly used as bait is . It is distinct from this article’s ERSEY publication date and may differ from the original notice date. The record concerns Commissione Nazionale per le Società e la Borsa and its Italy jurisdiction; it should not be read as a finding by every regulator. Check the linked authority’s current notice or register for changes.
Match your records to this entry
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Questions an inquiry may help organize
Relevant questions include which entity presented the service, what payment records show, how dates align with correspondence and what remains uncertain. A source notice does not establish who controls a wallet, where all funds are now or whether a third party will act.
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