Erscheinung:11.09.2020 | Topic Unauthorised business Ez Education/tradinvestor.com: BaFin prohibits unauthorised deposit business and orders winding-up
In a notice dated 12 August 2020, BaFin prohibited Ez Education, Majuro, Marshall Islands, from conducting deposit business and ordered it to wind up said business without delay.
Ez Education operates the trading platform “TradInvestor” for contracts for difference (CFDs) and cryptocurrencies, among other things. The platform can be accessed through the domain tradinvestor.com. In this context, the company accepts funds from others as deposits or other unconditionally repayable funds from the public.
Ez Education is thereby conducting deposit business without the required authorisation from BaFin.
By law, the order is immediately enforceable but not yet final.
