Portuguese Securities Market Commission

Year 1991Regulated by Government

The Portuguese Securities Market Commission (CMVM) ensures the efficiency, fairness, security and transparency of the securities market, especially in the areas of market surveillance, regulation, cooperation and promotion. One of CMVM's top priorities is investor protection.

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Disclosure summary
  • Disclosure matching Website matching
  • Disclosure time 2021-02-12
  • Reason for punishment The Securities Market Commission (CMVM) warns that the entity Makerun Corp. which operates the RACEOPTION website, https://raceoption.com/ is not authorized or registered with the CMVM to carry out any financial intermediation activity in Portugal, in accordance with the provisions of paragraphs a) and b) of paragraph 1 of the article 295th of the Securities Code.
Disclosure details

CMVM warns investors about Makerun Corp (RACEOPTION)

February 12, 2021 The Securities Market Commission (CMVM) warns that the entity Makerun Corp. which operates the RACEOPTION website, https://raceoption.com/ is not authorized or registered with the CMVM to carry out any financial intermediation activity in Portugal, in accordance with the provisions of paragraphs a) and b) of paragraph 1 of the article 295th of the Securities Code. The CMVM also warns that the aforementioned entity is not legally qualified to carry out advertising or prospecting for customers aimed at concluding financial intermediation contracts. To ensure that a specific entity that offers investment services in financial instruments is authorized to carry out activities in Portugal, you must consult the list of authorized financial intermediaries (through this link) or the list of entities authorized to provide financial services in Portugal under a Free Provision of Services (LPS) (through this link). All people and entities that have established any commercial relationship with the entity identified above may contact the CMVM via the number 800 205 339 (green line), or by email to cmvm@cmvm.pt. Systems update on 02/12/2021 23:46
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