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Erscheinung:06.06.2025 | Topic Measures Don­ner & Reuschel Ak­tienge­sellschaft: BaFin im­pos­es ad­min­is­tra­tive fine

On 14 May 2025, BaFin imposed an administrative fine amounting to 110,000 euros on Donner & Reuschel Aktiengesellschaft. In 2021, the company failed to conduct the required review of the target market for a self-designed financial instrument and thus violated its obligations under the German Securities Trading Act (WertpapierhandelsgesetzWpHG).

More: Announcement regarding Donner & Reuschel Aktiengesellschaft …

Erscheinung:05.06.2025 | Topic Measures pub­li­ty AG: BaFin im­pos­es ad­min­is­tra­tive fine

On 14 May 2025, the Federal Financial Supervisory Authority (BaFin) imposed an administrative fine amounting to 10,000 euros on publity AG. In 2020, the company offered securities to the public without the prior publication of a prospectus and thus violated its obligations under Regulation (EU) 2017/1129 (EU Prospectus Regulation).

More: Announcement …

Warnings and notes for consumers

Erscheinung:06.06.2025 | Topic Unauthorised business, Consumer protection Ethena (BVI) Ltd.: grounds to sus­pect se­cu­ri­ties of Ethena Op­Co Ltd. are be­ing of­fered to the pub­lic with­out the re­quired prospec­tus

The Federal Financial Supervisory Authority (BaFin) has sufficient grounds to suspect that Ethena (BVI) Ltd. is offering securities in the form of “sUSDe”-token to the public in Germany without the required prospectus. There are no indications that the conditions for exemption from the prospectus requirement are met.

More: Ethena (BVI) Ltd.: grounds to suspect securities of Ethena OpCo Ltd. are being offered to the public without the required prospectus …

Erscheinung:06.06.2025 | Topic Unauthorised business, Consumer protection paragon­fx.pro: BaFin warns con­sumers about web­site and sus­pect­ed iden­ti­ty fraud

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website paragonfx.pro. According to information available to BaFin, this website is being used to offer banking business and financial, investment and cryptoasset services without the required authorisation.

More: paragonfx.pro: BaFin warns consumers about website and suspected identity fraud …