Tag Archive for 'BaFin'

Ministerial Draft Tightens Regulations on Marketing Financial Products to Small Investors

The Federal Ministry of Finance has presented a ministerial draft of a Kleinanlegerschutzgesetz (Small Investor Protection Act) that aims to tightens regulations in existing laws for the marketing of financial products to small investors, creating more transparency in financial investments, including in renewable power. In January 2014 the renewable energy group Prokon filed for insolvency. The company had raised major amounts of money from retail investors promising high rates of return.

Continue reading ‘Ministerial Draft Tightens Regulations on Marketing Financial Products to Small Investors’