Aggregated News From Investment Management Regulators

Silverdale Holdings Ltd/ Platform Topinvestus: BaFin orders the cessation of proprietary trading


Please complete the required fields.

In a notice dated 11 May 2020, BaFin ordered Silverdale Holdings Ltd, Kingstown, St. Vincent and the Grenadines, to cease its proprietary trading immediately.

On its trading platform, the company offers German customers financial contracts for differences (CFDs) based on underlying assets such commodities, indices, stocks and currencies.

The company is thus conducting proprietary trading within the meaning of section 1 (1a) sentence 1 no. 4 (c) of the German Banking Act (Kreditwesengesetz – KWG) on a commercial basis without the authorisation required under section 32 (1) of the KWG. It is therefore conducting unauthorised trading.

Regulator Information

Recent Articles

Retail investors have grown in number, are younger and increasingly use neo-brokers since the Covid crisis

After an initial analysis of the behaviour of retail investors on the stock market conducted in April 2020 during the first lockdown, the Autorité des Marchés Financiers has confirmed the renewed in

The AMF announces two appointments to the Regulatory Policy and International Affairs Directorate (DRAI)

Kheira Benhami has been appointed Chief Economist and Director of the Analysis, Financial Stability and Risks Division at the DRAI as of 2 November, while Ianja Ramananarivo was appointed Head of th

Aclassbank / Bellerophon Group Ltd

Attention! The FMA warns investors against concluding transactions with: Aclassbank / Bellerophon Group Ltd with its registered address apparently in Mauritius and St. Vincent and Grenadines Web: E-Mail:...

Get the latest from Regulatory.News in your inbox!