Germany’s financial regulator warned that zinscompass.de and zinscompass.com are offering overnight and fixed-term deposits without authorization, using the corporate data of a legitimate Berlin capital management firm.
BaFin
Germany’s financial regulator flagged the Gainorex app and a WhatsApp group called Börsenblick A-001, suspecting the unknown operators of offering financial services without authorisation.
Germany’s financial regulator has opened an investigation into two entities allegedly using WhatsApp groups and social media ads to push an unauthorised token and trading platform on German investors.
Germany’s financial watchdog joins UK, Dutch and Belgian authorities in flagging the unlicensed platform, which investigators link to a broader network of “boiler room” scams targeting retail investors.
Germany’s financial regulator identified six market threats while adding consumer over-indebtedness, crypto speculation and insurance costs to its annual watchlist.
Why is BaFin restricting turbos? More importantly, why do they keep doing stuff that will hurt Trade Republic – a German tech success story?