Tag: BaFin

BaFin orders sternoptions.com to shut down
Global

BaFin orders sternoptions.com to shut down

Germany’s top financial regulator, BaFin has ordered BP1 LP, Great Britain, to cease and desist from cross-border proprietary trading. This means the company is barred from transacting with German persons or organisations. The regulator said in a statement that “On its trading platform www.sternoptions.com, BP1 LP offers binary options and […]

Germany’s BaFin orders closure of PWRTrade
Global

Germany’s BaFin orders closure of PWRTrade

Germany’s top financial regulator, BaFin has ordered the online platform PWRTrade and its operator GN Management EOOD to immediately cease the deposit business. BaFin said in a statement that PWRTrade has been conducting without the required authorisation. The website www.pwrtrade.co provides an online platform for trading in binary options under […]

Germany’s BaFin disowns Zurich Private Capital Group
Uncategorized

Germany’s BaFin disowns Zurich Private Capital Group

BaFin, the financial services regulator in Germany has raised an alert on Zurich Private Capital Group. The regulator said Zurich Private Capital Group with alleged business addresses in Frankfurt am Main and Hong Kong and contact addresses in London, Dubai, Singapore, Mauritius, Mahe (Seychelles) and Mumbai offers services regarding “Savings, […]

Germany’s BaFin disowns Helmuth Newin Group
Global

Germany’s BaFin disowns Helmuth Newin Group

Germany’s top financial regulator, BaFin has disowned The “Helmuth Newin Group”. BaFin said in a statement that the company called Helmuth Newin has its alleged business address in Regensburg, Germany, and Zurich, Switzerland, offers banking business and financial services over the internet (www.helmuth-newin.com) and by phone. The regulator said that […]

BaFin raises fraud alert on XMarkets
Big Business Global

BaFin raises fraud alert on XMarkets

Germany’s top financial services regulator, BaFin, has raised alarm on XMarkets, an investment adviser that mimics Deutsche Bank AG’s X-markets. BaFin said in a statement that the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) points out that Celestial Trading Ltd., which operates the platform “XMarkets”, has not been […]

Agreement on Basel III reform package gets underway
Global

Agreement on Basel III reform package gets underway

The oversight body of the Basel Committee on Banking Supervision is close to wrapping up agreement on Basel III reform package. Basel III is an international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision and risk management within the banking sector. Germany’s top financial […]