Erscheinung:28.07.2025 | Topic Unauthorised business, Consumer protection nordnetfinance.org: BaFin warns consumers about website operators
The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Nordnet and the services it is offering. BaFin suspects the unknown operators of the website nordnetfinance.org of offering consumers financial and investment services without the required authorisation.
Anyone conducting banking business or 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.
BaFin is issuing this warning on the basis of 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.
