Erscheinung:14.05.2024 | Topic Unauthorised business, Consumer protection Hooya Plus Capital Inc. or Trade211 (Pty) Ltd: BaFin warns consumers about the website trade211.com
Die Finanzaufsicht BaFin warnt vor der Website trade211.com. Nach ihren Erkenntnissen werden dort ohne Erlaubnis Finanz- und Wertpapierdienstleistungen angeboten.
The Federal Financial Supervisory Authority (BaFin) warns consumers about the website trade211.com. According to information available to BaFin, financial and investment services are being provided on this website without the required authorisation.
It is unclear who the operator of the website is. Sometimes the company Hooya Plus Capital Inc., Labuan, Malaysia, is named as the operator of the website. Elsewhere the South African company Trade211 (Pty) Ltd is named as the operator, but without the company’s precise address being stated.
Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary 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.
