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This article was written by Sebastian Hell, CEO and owner of BaFin regulated QTrade GmbH in Munich.
Over the weekend German newspaper Die Welt published an interview with Elisabeth Roegele, Head of Consumer Protection at German financial markets regulator BaFin. She was talking about the prohibition of a financial product called ‘Bonitätsanleihe’, which is essentially a certificate distributed through banks to retail investors.
BaFin vehemently opposes this product as too complex and therefore not suitable for retail investors. Due to a new law which came into effect last year, BaFin now has the power to prohibit certain financial ... (read more)