BaFin Warns Against Two Asset Management Firms and Fake German Bank

[kreslik.news]

Germany’s Federal Financial Supervisory Authority, widely known as BaFin, has added three firms to its warning list today. In particular, the financial regulator has issued a cease and desist warning against two asset management companies – Atlantic Global Asset Management (AGAM) and Five Winds Asset Management.

The cease and desist warning against AGAM and Five Winds was given on August 21, 2018, to the firms. This is because both companies offer investment products to investors based in Germany without the proper authorisation. More often than not, this can indicate that they are operating a scam. The cease ... (read more)