Aggregated News From Investment Management Regulators

Soleil Rouge Inc./Platform grandefex: BaFin prohibits unauthorised deposit business and orders winding-up

Report/Flag

Please complete the required fields.



In a notice dated 22 June 2020, BaFin prohibited Soleil Rouge Inc., Roseau, Dominica, from conducting deposit business and ordered it to wind up said business without delay.

Soleil Rouge Inc. operates the foreign exchange trading platform www.grandefex.com for currency pairs. In this context, the company accepts funds from others as deposits or other unconditionally repayable funds from the public.

Soleil Rouge Inc. is thereby conducting deposit business without the required authorisation from BaFin.

By law, the order is immediately enforceable but not yet final.

Source link

Regulator Information

Recent Articles

SEC Charges Barred Broker and His Company with Defrauding Older Americans

Defendant Promised Hefty Returns while Spending Investors’ Money on Luxury Goods Washington D.C., Aug.

CPMI and IOSCO publish a discussion paper on CCPs’ practices for addressing non-default losses

See PDF published by the International Organization of Securities Commissions (IOSCO) here: Read more

FCA encourages market participants to continue transition of LIBOR-linked bonds

This statement is for issuers and bondholders of outstanding LIBOR-linked bonds. The FCA is strongly encouraging issuers and bondholders of outstanding LIBOR-linked bonds to...

Get the latest from Regulatory.News in your inbox!

×