Friday, March 29

The Federal Financial Supervisory
Authority (BaFin), Germany’s financial industry regulator, announced
on Monday that trading platform provider GTS Financial LLC is not authorized to operate
in the country.

BaFin explained that GTS Financial
contacts German investors and recommends specific shares without being permitted under the German Banking Act to offer banking or financial services to Germans.

The financial markets regulator added that
the company is not under its regulatory purview.

“The information provided on the website
gtsfinancial.net and the information and documents available to BaFin give
reasonable grounds to suspect that the platform is being used to conduct
banking business and/or provide financial services in Germany without the
required authorisation,” https://www.financemagnates.com/tag/bafin/” target=”_blank” rel=”noopener”>BaFinRead More

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