BaFin - Navigation & Service

Go to:

Topic Measures Administrative fine proceedings

Article from BaFin's 2017 annual report

Administrative fines

Selected cases

Did you find this article helpful?

We appreciate your feedback

Your feedback helps us to continuously improve the website and to keep it up to date. If you have any questions and would like us to contact you, please use our contact form. Please send any disclosures about actual or suspected violations of supervisory provisions to our contact point for whistleblowers.

We appreciate your feedback

* Mandatory field

Publications on this topic

Format Measure Erscheinung: from 17.06.2025 An­nounce­ment

On 25 September 2024, the Federal Financial Supervisory Authority (BaFin) imposed administrative fines totalling 30,000 euros on ECHOS Holding AG. The fines were imposed because the company had contravened obligations under the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). ECHOS Holding AG had failed to publish its half-yearly financial report for the financial year 2024. In …

Format Measure Erscheinung: from 13.06.2025 An­nounce­ment

On 6 June 2024, the Federal Financial Supervisory Authority (BaFin) imposed administrative fines totalling 600,000 euros on Innovestica Holdings Inc. The fines were imposed due to the company’s failure to comply with obligations under the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). The company failed to submit voting rights notifications within the prescribed period.

Format Measure Erscheinung: from 06.06.2025 An­nounce­ment re­gard­ing Don­ner & Reuschel Ak­tienge­sellschaft

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 (Wertpapierhandelsgesetz – WpHG).

Format Measure Erscheinung: from 05.06.2025 An­nounce­ment

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).

Format Measure Erscheinung: from 27.05.2025 Stand: , updated on 06.06.2025 An­nounce­ment

On 14 May 2025, the Federal Financial Supervisory Authority (BaFin) imposed an administrative fine amounting to 1,750,000 euros on SAP SE. The fine was imposed because the company had contravened obligations under the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). SAP SE had failed to publish an announcement stating the date from which and the website on which the annual financial …

All documents