The Italian CONSOB orders Baer group's website to be blacked out On June 15, 2023, the Italian Companies and Exchange Commission (CONSOB) has ordered Baer group'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-15-june-2023/718268

BrokersView has reviewed that Baer group is an unregulated broker Baer group fails to disclose its regulatory information and licensing data, which can be seen as a scam indicator. 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.Furthermore, the Italian Companies and Exchange Commission (CONSOB) has ordered Baer group's website to be blacked out since it offers financial services illegally.In essence, Baer group 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.

The Spain's CNMV issues a warning against Baer group On July 31, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added Baer group 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