Tag: bafin
In a notice dated 3 March 2022, BaFin ordered IFS – International Financial Services, United States, to immediately cease its unauthorised investment broking, investment advice and portfolio management activities. The company has been initiating unsolicited contact with former customers of Hillhouse Group stating that it has taken over the business activities of this company. Upon […]
On 25 February 2022, BaFin imposed administrative fines totalling 22,000 euros on Readcrest Capital AG. The sanction related to breaches of section 37v (1) sentence 2 and section 26a (1) of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG) old version. Readcrest Capital AG failed to publish announcements, stating the date and the website on […]
On 22 February 2022, BaFin imposed administrative fines totalling 72,000 euros on a natural person due to breaches of section 33 (1) sentence 1 and section 34 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). An appeal was lodged against the administrative fine order. Source: BAFIN
On 7 February 2022, BaFin imposed administrative fines totaling 56,600 euros on Smart Krypto Invest GmbH. The sanction related to breaches of Article 19(1) of the Market Abuse Regulation (MAR). The company Smart Krypto Invest GmbH that is closely associated to a person discharging managerial responsibilities at an issuer had failed to make notifications within […]
BaFin issued a notice on 7 February 2022 ordering Singulus Technologies Aktiengesellschaft to comply with the financial reporting requirements under sections 114 et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and threatening to impose coercive fines totalling EUR 220,000. Singulus Technologies Aktiengesellschaft contravened the requirements under section 114 (1) sentences 2 and 3 […]
On 19 January 2022 BaFin imposed an administrative fine amounting to 120,000 euros on SLEEPZ AG. The sanction related to a breach of section 115 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). SLEEPZ AG failed to make its half-yearly financial report for the financial year 2019 publicly available. The company […]
On 10 January 2022, BaFin imposed an administrative fine amounting to 57,000 euros on Syzygy AG. The sanction related to a breach of section 114 (1) sentence 2 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Syzygy AG failed to publish an announcement, stating the date and the website on which the accounting documents […]
On 7 February 2022, BaFin imposed administrative fines totalling 70,000 euros on a natural person due to breaches of section 33 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). An appeal may be lodged against the administrative fine order. Update (04.03.2022): The administrative fine order is final and binding. Source: BAFIN
On 8 February 2022, BaFin imposed an administrative fine amounting to 130,000 euros on Eyemaxx Real Estate AG. The sanction related to a breach of section 114 (1) sentence 2 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Eyemaxx Real Estate AG failed to publish an announcement, stating the date and the website on […]
Consultation on a planned General Administrative Act pursuant to Article 42 of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (MiFIR) Please note:German version is binding This translation is furnished for information purposes only. The original […]
