Fraud Warning

We have become aware of a number of recent investments scams targeted at members of the public. These scams may involve criminals impersonating employees of legitimate banks and other financial institutions and offering fraudulent investment recommendations or opportunities. Along with other financial institutions, Morgan Stanley’s name has been used by such criminals to perpetrate some of this fraudulent activity.

Morgan Stanley has taken a number of steps to respond to this activity, however, we strongly recommend that all members of the public act with extra vigilance. In particular, it is critically important to take the necessary steps to verify the identity of any unknown individual claiming to represent a financial institution, including Morgan Stanley.

General tips to identify and avoid such scams can be found on the National Securities Market Commission (CNMV) websites. It is always advisable to attempt to directly contact the company and the individuals involved via the official channels and contacts. Do not use the telephone numbers or any email addresses that you are given on letters or other documents provided by the person who has contacted you.

In case of any suspected fraud, please do not hesitate to report it to the Police and competent authorities, including CNMV.