Erscheinung:29.09.2023 | Topic Unauthorised business, Consumer protection Investhohle.co: BaFin investigates website operator
The Federal Financial Supervisory Authority (BaFin) warns consumers about the website investhohle.co. According to information available to BaFin, the unknown operator is providing financial and investment services on this website without the required authorisation.
On the website the operator is simply referred to as “InvestHöhle”, and there is no information regarding its legal form. The website does not provide any details of the operator’s registered office and does not contain a legal notice. The terms and conditions refer to Polish law.
Financial and/or investment services may only be offered in Germany if the company providing these services has the necessary authorisation from BaFin to do this. However, some companies offer these services without the required authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.
The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).
Please be aware:
BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.
