GRUPO SIMEC, S.A.B.de C.V. (NYSE: SIM) PROTECT YOURSELF FROM FRAUD

Rhea-AI Summary

On Sept. 28, 2022, Grupo Simec issued a warning regarding fraudulent investment schemes circulating on the internet. The company clarified that the only legitimate method to invest in Grupo Simec is via the Mexican Stock Exchange (BMV) and the Institutional Stock Exchange (BIVA). The firm strongly advises potential investors to consult their brokerage houses to verify any investment offers. Grupo Simec disclaims any responsibility for losses incurred due to these fraudulent activities.

Positive

• None.

Negative

• Warning issued about fraudulent investment schemes could damage investor trust.
• Potential for increased regulatory scrutiny following public fraud alerts.

GUADALAJARA, Mexico, Sept. 28, 2022 /PRNewswire/ -- Subject: Protect yourself from fraud in the negotiation of the shares comprising the share capital of "SIMEC" series "B"

Due to the communications and messages on the internet and other electronic media, where you are invited to invest in Grupo Simec, S.A.B. de C.V.; which are fraudulent; Grupo simec, S.A.B. of C.V. Reports that the only way to invest in Grupo Simec, S.A.B. de C.V., is through the Mexican Stock Exchange (BMV) and the Institutional Stock Exchange (BIVA), so it is important to consult and verify with your Brokerage House.

Simec Group, S.A.B. de C.V., its Shareholders, Directors and Officers disclaim any responsibility caused by this possible Fraud.

Any doubt or clarification related to this fact, please notify the Finance Coordinator at (33) 3770-6734 or the Legal Manager at (33) 3770-6705.

View original content:https://www.prnewswire.com/news-releases/grupo-simec-sabde-cv-nyse-sim-protect-yourself-from-fraud-301635689.html

SOURCE Grupo Simec, S.A.B. de C.V.

FAQ

What is Grupo Simec's warning about fraudulent investments on Sept. 28, 2022?

Grupo Simec warned about fraudulent schemes promoting investments outside authorized exchanges, stressing that the only legitimate investments are through the Mexican Stock Exchange and the Institutional Stock Exchange.

How can I invest in Grupo Simec (SIM) safely?

Investors should only use the Mexican Stock Exchange (BMV) or the Institutional Stock Exchange (BIVA) and verify offers with their brokerage.

What should I do if I suspect investment fraud related to Grupo Simec?

Report any suspicions to the Finance Coordinator or Legal Manager at Grupo Simec, as listed in their press release.