Calle Serrano Anguita, 1
28004 Madrid
Tel: +34917691100
Fax +34917691139
CIF: A-85214922
Inscrita en el Registro Mercantil de Madrid, Tomo 24.914, Folio 57, Sección 8, Hoja M-448563

This information constitutes de framework of the relations between the Internet Service User (hereinafter the “User”) and JB Capital Markets, S.V., S.A. (hereinafter JB CAPITAL) through the Website: www.jbcm.com (hereinafter, the “Website”)

 The user must read this information carefully. When accessing the JB CAPITAL Website, the User undertakes to respect the terms and conditions of this Legal Notice and the Privacy Policy and Cookies Policy. Said notice may vary over time and without prior notice. We therefore suggest that you periodically review these clauses. The User’s continued access to our Website shall constitute acceptance of any amendments made. If you do not agree with these clauses you may leave the Website

As the User has specifically accepted these Clauses, the User shall be bound by any change that may be made in the future in these Clauses. Therefore, we would like to remind the User the importance of periodically reviewing the Website

Applicable legislation and jurisdiction

JB CAPITAL, with registered office at Calle Serrano Anguita 1 – 28004 Madrid, and Tax Identification Number A-85214922, is the owner of the Website https://www.jbcm.com/

In general, the relations between JB CAPITAL and its Users arising from the use of the Website are subject to Spanish legislation and jurisdiction

The User of the JB CAPITAL Website must comply with the provisions of the applicable national jurisdiction and legislation in relation to access and use of the information contained in the Website

For any queries regarding the services provided by JB CAPITAL, please contact Customer Service at the following address: Calle Serrano Anguita, 1 – 28004 Madrid, or by e-mail: dac@jbcapital.com

In accordance with the terms of the Information Society and Electronic Commerce Services Act, Law 34/2002, dated 11 July, we hereby provide you with the following information:

Terms and Conditions

Accessing this Website implies knowledge and acceptance of the following general terms and conditions, which regulate access to and use of the Website, which JB CAPITAL places at the disposal of its customers free of charge. Access to it implies acceptance without reservation. The use of certain services offered on this site shall also be governed by the specific conditions provided for in each case, which shall be deemed to be accepted by the mere use of such services.

  • The content and services included in this Web Site are not designed for or aimed at persons who reside in jurisdictions where said content has not been authorised or is contrary to legal provisions or to habits and customs
  • Access to this Website is the sole responsibility of the Users.
  • Access to this Website does not imply any type of commercial relationship between JB CAPITAL and the User. This Internet service through its Website is merely informative and does not constitute an offer to sell or a request to buy any investment product or investment service.
  • The visualization, printing and partial downloading of the content of the Website is authorised only and exclusively if the following conditions are met:
  • That is compatible with the purposes of the Website
  • That it is done with the exclusive aim of obtaining the information for personal and private use. Its use for commercial purposes or for distribution, public communication, transformation or decoding is expressly prohibited
  • That none of the contents related to the Website are modified in any way
  • That no graphic, icon or image available on the Website be used, copied or distributed separately from the rest of the images that accompany it


JB CAPITAL will be reasonably dedicated to verifying and updating the information and materials included in its Website and to evaluating that its sources are reliable and honourable

Notwithstanding the foregoing, the information, analyses, opinions and recommendations published on or through this Website are provided exclusively for information purposes and are of an indicative nature, for which reason JB CAPITAL, its directors, executives and/or employees shall not be held responsible, nor shall they guarantee or assure that their content is reasonable, exact, complete, precise, timely, reliable or current

Therefore, JB CAPITAL is exonerated from all liability in relation to the content, accuracy, reliability and veracity of the information, whatever the form in which it is presented and the Users of the Website in their investment decision making, must assume the risks arising from the use of this information or recommendations without any liability attributable to JB CAPITAL, its directors, executives and/or employees. Users are aware that they are responsible for their own investment decisions and that they should get their own professional advice about the suitability of any investment or investment strategy mentioned on the Website.

Any information or analysis included in the Website has been prepared for information purposes only and JB CAPITAL is not obliged to update this information or analysis, so that it is possible that it does not reflect events that occur after the date of publication.

Access, browsing and security

Access and navigation of the JB CAPITAL Website implies acceptance and knowledge of the legal warnings, conditions and terms of use contained therein

Access to part of this Website must be expressly requested by the Users, and JB CAPITAL shall have sole discretion to accept or reject such request. In the event that JB CAPITAL access is granted to a User’s request, access will be activated by using a system of keys and codes provided by JB CAPITAL to ensure the identification of Users and the integrity and confidentiality of the keys and codes provided

The code or password is confidential. If the User believes that someone has had access to his/her code or password, he/she must notify JB CAPITAL, which will immediately modify them

JB CAPITAL is not responsible for or guarantees that access to this Website will be interrupted or that it will be free of error or cause damage. Under no circumstances will it be liable for damages of any kind arising from access to and use of the Website, including, but not limited to, those caused to computer systems or those caused by the introduction of viruses.

JB CAPITAL will carry out, as long as there are no causes that make it impossible or difficult to carry out, and as soon as it becomes aware of the errors or disconnections, all those tasks aimed at correcting the errors and establishing communication.

Both access to the Website and the non-consensual use that may be made of the information contained therein is the sole responsibility of the person accessing or using it. JB CAPITAL shall not be liable for any consequences or damages that may arise from such access or use. JB CAPITAL is not responsible for any security errors that may occur or for any damage that may be caused to the user’s computer system (hardware and software), or to the files or documents stored therein, as a result of:

  • the presence of a virus in the user’s computer that is used to connect to the services and contents of the Website;
  • a malfunction of the browser; and
  • the use of non-updated versions of it

The downloading of any material including software, or any computer file, is at the User’s sole discretion and risk. The User shall be solely responsible for any damage caused to his/her computer system or loss of data resulting from the download, installation or operation of any materials

JB CAPITAL may modify unilaterally and without prior notice, whenever it deems it appropriate, the structure and design of the Website, as well as modify or eliminate the services, contents and conditions of access and use of the Website

The browsing process of a User on the JB CAPITAL Website leaves a “trace” of the IP address assigned to him/her in that session by the Access Provider. The registration of this IP address is for internal purposes only, such as access statistics to the Website.

The IP address for the same User is different from one Internet connection to another, so it is not possible to deduce any “habit” of browsing the JB CAPITAL Website by a specific User

JB CAPITAL assumes no responsibility whatsoever for the contents linked to the Website, provided that they are not linked to it, nor does it guarantee the absence of viruses or other elements in the same that may cause alterations to the user’s computer system (hardware and software), documents or files, excluding any liability for damages of any kind caused to the user for this reason

In the event that any user, customer or third party considers that the content or services provided by the linked pages are unlawful or damage property or rights of the user himself, of a customer or of a third party liable for compensation, he must send a notification form to the address dac@jbcapital.com  and, in particular, when they consist of:

  • Activities or content that could be considered criminal under Spanish criminal law
  • Activities or contents that endanger public order, criminal investigation, public security and national defence
  • Activities or content that endanger the protection of public health, respect for human dignity and the principle of non-discrimination, and the protection of health and children
  • Activities or contents that are in breach of intellectual property rights

Exchange or dissemination of information

JB CAPITAL declines all responsibility arising from the exchange between Users of information obtained through its Website

Data Protection

For further information please consult the Privacty Policy

Cookies Policy

If the User accepts it, the Website will install cookies in his/her browser. For further information please consult the Cookies policy

Intellectual and Industrial Property

The intellectual property rights of the content of the Website www.jbcm.com  its source code, graphic design, navigation structure, databases and the different elements contained therein are the property of JB CAPITAL, which holds the exclusive rights to exploit them in any form and, in particular, the rights of reproduction, distribution, public communication and transformation

Consequently, its reproduction, distribution, public communication and transformation are prohibited, except for personal and private use. Likewise, all commercial names, trademarks or distinctive signs of any kind contained in the JB CAPITAL Website are protected by Law

All links from third parties to the Website must be to its home page, and “deep links”, “framing” and any other use of the contents of the Website by unauthorised third parties is expressly prohibited

Unauthorised use of the information contained on the Website, its resale, as well as the infringement of JB CAPITAL’s intellectual property rights, will give rise to the legally established responsibilities

With regard to the quotations or products and services of third parties, JB CAPITAL acknowledges in favour of their owners the corresponding intellectual and industrial property rights, and their mere mention or appearance on the Website does not imply the existence of any rights or liability of JB CAPITAL with regard to them

Without prejudice to the foregoing, JB CAPITAL reserves all copyright, trademark, patent, intellectual property and other proprietary rights with respect to the content and design of the Website

JB CAPITAL MARKETS S.V., S.A., provides independent advice, is regulated and supervised by the National Securities Market Commission (CNMV), in whose Official Register of Companies and Securities Agencies it is registered under number 229

This Legal Notice has been prepared by JB CAPITAL MARKETS, Sociedad de Valores, S.A. (“JB CAPITAL”) exclusively for the information of its clients. This document and its contents do not constitute an offer, invitation or solicitation to purchase, sell or subscribe to any securities or other financial instruments. The information contained herein has been obtained from sources believed to be reliable, and the opinions expressed are based on them, but JB CAPITAL does not guarantee its accuracy, integrity or completeness. The information contained in this writing is subject to change without notice. JB CAPITAL or any of its officers or employees may, to the extent permitted by law, hold positions or be interested in any transaction or investment directly or indirectly related to this Legal Notice. Neither JB CAPITAL nor any of its directors or employees accepts any responsibility for any direct, indirect or consequential loss arising from the use of this Legal Notice or its contents. The reproduction, distribution or publication of this document or any part thereof by any person or for any purpose whatsoever is not authorised without the prior express consent of JB CAPITAL

JB CAPITAL does not have, directly or indirectly, permanent holdings in the capital of companies that could be the object of analysis in this Legal Notice

JB CAPITAL MARKETS, S.V., S.A. and the User, expressly waiving any other jurisdiction, submit to the courts and tribunals of the city of Madrid (Spain), to resolve any dispute that may arise from access to or use of the Website: https://www.jbcm.com


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