Spain fines X platform operator €5 million for allowing unauthorized financial advertisements

Wallstreetcn
2025.11.13 10:07

On November 13th local time, the Spanish National Securities Market Commission announced a fine of 5 million euros against the operating entity of the social media platform X (formerly Twitter) for allowing unauthorized financial entities to publish investment-related advertisements. The Spanish National Securities Market Commission determined that there were "ongoing and serious" violations, failing to fulfill its obligation to cooperate with regulatory authorities, and failing to verify whether the relevant advertisers had the qualifications for investment services or whether they were listed on the regulatory agency's risk warning list. (CCTV News)

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