CMF alerts about unregulated entities
• Six loan offerors request advance payments from individuals applying for a loan, who subsequently do not receive the agreed funds. They will be reported to the Public Prosecutor's Office1.
• Additionally, three of these entities pretend to be regulated by the Commission.
• The CMF has also updated its list of unregulated entities offering investment services.
January 24, 2023 - The Financial Market Commission (CMF) alerts the public about six entities offering loans that are neither supervised by nor enrolled before the Commission.
According to information gathered by the CMF's Investigation Unit, these entities offer loans through their websites while requesting advance payments from applicants. After making said advance payments, applicants do not receive the agreed funds.
Additionally, the entities known as Cooperativa de Talca; CoopCopelec, impersonator of Servicios Financieros COPELEC S.A.; and the impersonator of Cooperativa de Ahorro y Crédito para el Desarrollo FINANCOOP pretend to be supervised by the CMF.
Therefore, the CMF will file charges against any responsible parties before the Public Prosecutor's Office for alleged fraud. The identified entities are:
- Cooperativa Conecta (cooperativaconecta dot com)
- Progreso ServiFinanPro (servifinanpro dot com, impersonator of Servicios Financieros Progreso S.A.)
- Cooperativa de Talca (cooperativadetalca dot com)
- Cooperativa El Rosario (cooprosariochile dot com)
- CoopCopelec (an impersonator of Servicios Financieros COPELEC S.A., hosted at copelecoop dot com)
- An impersonator of "Cooperativa de Ahorro y Crédito para el Desarrollo FINANCOOP," hosted at financoopcl dot co
Furthermore, the CMF states that the named "Iluca," available at Google Play or through the website iluca dot cc, is not supervised by the Commission.
Investment Services Not Regulated by the Commission
The Financial Market Commission also reports about three unregulated entities offering investment services:
- Eurobull (eubull dot com)
- Premier Trust (premiertrustglobal dot com)
- M1 Specialty (m1specialty dot com)
These platforms also promote their products and services massively through the following social media accounts:
Eurobull
- https://www.instagram.com/_eurobull/
- Twitter (https://mobile.twitter.com/eurobull
- https://web.facebook.com/people/Euro-Bull/100078074036505/?sk=about
Premier Trust
- https://web.facebook.com/premiertrustglobal/?_rdc=1&_rdr
- https://www.instagram.com/premiertrustglobal/
- https://www.linkedin.com/company/premiertrustglobal/about/
M1 Specialty
- https://web.facebook.com/M1Specialty/?_rdc=1&_rdr
- https://www.linkedin.com/company/m1specialty/
- https://www.instagram.com/m1specialty/
- https://twitter.com/m1specialty
Recommendations
- The CMF does not make payments of any kind to natural persons other than for services rendered to this Commission. Should you receive an email claiming to be from the CMF and asking you to access a link or provide your bank details, it is false.
- The CMF does not offer insurance policies of any kind, much less against "fraudulent purchases," nor does it request banking records.
- Fraudulent entities use bank accounts belonging to natural persons to collect money from their scams. This is an important sign to avoid being conned.
- Checking, vista, or RUT accounts are strictly personal and must not be made available to third parties to receive funds from unknown origins. Anyone who provides their bank account to third parties who commit a crime may be subject to criminal penalties.
- The Citizen Alerts Page allows interested parties to verify whether an entity or person offering financial products or services is supervised by the Commission; review alerts issued by the CMF and other foreign regulators on unregulated entities or activities; and learn important advice on how these scams operate.
- Use popular Internet search engines to find any complaints or negative feedback about companies through their name, their directors, and the products being considered for investment.
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Communications Area - Financial Market Commission (CMF)
(1Headline rectified on September 9, 2026. )