SendR SE (ISIN: DE000A1YDAZ7): BaFin warns of buy recommendations for shares

Bonn/Frankfurt a. M., 26 August 2015 | Amended on 3 September 2015

According to information available to the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin), buy recommendations are currently being issued for shares in SendR SE (ISIN: DE000A1YDAZ7, WKN A1YDAZ) on a large scale on a large scale via e-mail newsletters.

BaFin has evidence indicating that these buy recommendations contain false or misleading information and/or that existing conflicts of interest are wrongfully concealed. It has initiated an investigation into suspected market manipulation in the share.
BaFin therefore recommends all investors to closely examine whether the information provided is reliable and to obtain information about the company in question from other sources prior to buying the shares.

In Germany, the shares of the company are included in the regulated unofficial market (Freiverkehr) of the Berlin Stock Exchange.

Update (03.09.2015):
SendR SE informed BaFin in a letter of 2 September 2015 that the company has not at any time ordered buy recommendations to be sent via e-mail newsletters.

BaFin prohibits BalticPay Corporation, domiciled in Latvia, from providing unauthorised money-remittance business in Germany

Bonn/Frankfurt a. M., 26 October 2015

By order of 28 September 2015, the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) prohibited BalticPay Corporation, domiciled in Riga, Latvia, from providing any further money-remittance business in Germany.

BalticPay Corporation provided unauthorised payment services in Germany by accepting funds via direct debit or credit transfer for the benefit of third-party payees into its own accounts in Germany and transmitting them to its accounts in Latvia. The partners in BalticPay Corporation were Thomas Lennert and Jens Leinert.

By accepting these funds into German bank accounts, BalticPay Corporation provided money-remittance business within the meaning of section 1 (2) no. 6 of the German Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz – ZAG) without having the authorisation required under section 8 (1) sentence 1 of the ZAG. BalticPay Corporation was also not authorised to provide payment services in Germany under the freedom to provide cross-border services pursuant to section 26 (1) of the ZAG. BalticPay Corporation is not authorised to provide cross-border services in Latvia by the supervisory authority there, the Financial and Capital Market Commission (FKTK).
Therefore, in accordance with section 4 (1) sentence 1 of the ZAG, BaFin has ordered BalticPay Corporation to immediately discontinue these business operations.

Pursuant to section 23 of the ZAG, the order is immediately enforceable but not yet final.

BaFin: Karatbars International GmbH has no authorisation pursuant to section 32 of the German Banking Act (KWG)

Bonn/Frankfurt a. M., 12 November 2015

The Federal Financial Supervisory Authority (BaFin) points out that it has not granted authorisation to Karatbars International GmbH, Stuttgart, to conduct its business activities. The company is thus not subject to supervision by BaFin.

On several English-language websites which are directly linked to Karatbars International GmbH’s homepage at www.karatbars.com, it is claimed that “Karatbars International” is recommended and/or endorsed by BaFin. This is not the case. BaFin does not recommend financial services providers or investment products.

Ozics Holding Ltd. (ISIN: BMG684791079): BaFin warns of buy recommendations for shares

Bonn/Frankfurt a. M., 5 October 2015

 

According to information available to the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin), buy recommendations are currently being issued for shares in Ozics Holding Ltd. (ISIN: BMG684791079) via unsolicited phone calls (cold calling).

BaFin has evidence indicating that these buy recommendations contain false or misleading information and/or that existing conflicts of interest are wrongfully concealed.

It has initiated an investigation into suspected market manipulation in the share.

BaFin therefore recommends all investors to closely examine whether the information provided is reliable and to obtain information about the company in question from other sources prior to buying the shares.