Erscheinung:02.06.2025 | Topic Unauthorised business, Consumer protection Identity fraud: BaFin warns against offers on website sdiana.top and against offers from Fidelity Institut
The Federal Financial Supervisory Authority (BaFin) warns against offers on the website sdiana.top and against investment recommendations in WhatsApp groups operated by Fidelity Institut. It is suspected that the unknown operators are providing financial and investment services without the required authorisation. The services are not offered by Fidelity International (FIL Limited), FIL Fondsbank GmbH or another company of its affiliated companies. This is a case of identity fraud.
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 urges caution against stock recommendations in WhatsApp groups.
In the ‘Recognising financial fraud’ section, you will find the latest warnings from BaFin about unauthorised companies and find out how you can protect yourself from further scams on the financial market.
