Germany’s BaFin Orders Three Brokers to Cease Operations
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Germany’s BaFin Orders Three Brokers to Cease Operations
Germany’s Federal Financial Supervisory Authority, otherwise known as BaFin, has ordered BP1 LP, Gum Ltd. and Pairs Ltd. to immediately cease their operations. The three orders were posted on the regulator’s website today.
The decision for the cessation of activities was made on June 28, 2018, for all three companies. According to the individual reports, all firms are unauthorised to provide any sort of financial service or product and must stop operations immediately. The decision from the regulator is enforceable by law.
BP1 LP
BP1 LP operates a trading platform under the name Star Options. Through its platform, the ... (read more)
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