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Erscheinung:13.06.2025 | Topic Measures In­noves­ti­ca Hold­ings Inc.: BaFin im­pos­es ad­min­is­tra­tive fines

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.

More: Announcement …

Erscheinung:06.06.2025 | Topic Measures Don­ner & Reuschel Ak­tienge­sellschaft: BaFin im­pos­es ad­min­is­tra­tive fine

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 (WertpapierhandelsgesetzWpHG).

More: Announcement regarding Donner & Reuschel Aktiengesellschaft …

Warnings and notes for consumers

Erscheinung:13.06.2025 | Topic Unauthorised business, Consumer protection BaFin warns con­sumers about a fur­ther Mulfin Trade web­site: mulfin-trade.io

On 26 May 2025, BaFin issued a warning about Mulfin Trade and its website trading-area.mulfin-v2.com, which has since been deactivated. The unknown operators are now using the website mulfin-trade.io. BaFin suspects the operators of the website of offering consumers financial, investment and cryptoasset services without the required authorisation.

More: BaFin warns consumers about a further Mulfin Trade website: mulfin-trade.io …

Erscheinung:13.06.2025 | Topic Unauthorised business, Consumer protection BaFin warns con­sumers about a fur­ther Tur­bon web­site: tur­bon.vip

BaFin issued warnings on 29 April 2025 and 22 May 2025 about Turbon and the websites turbon.co and turbonpro.co, which have since been deactivated. The unknown operators are now using the website turbon.vip. BaFin suspects the operators of the website of offering consumers financial, investment and cryptoasset services without the required authorisation.

More: BaFin warns consumers about a further Turbon website: turbon.vip …