BaFin Warns Against Trading with UB4TRADE

[kreslik.news]

Much like the Whac-A-Mole game of 1970s fame, unregulated brokers continue to rear their vitamin-D deprived heads on the internet only to have them smacked down again by regulators.

This Tuesday, theFederal Financial Supervisory Authority (BaFin), Germany’s largest regulator, brought the hammer down on UB4TRADE when it announced that it was ordering the firm to cease operations and stop offering its services to the Volksdeutsche.

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Will the company listen? Probably not. Criminals tend not to listen to regulatory authorities. If they did, they probably ... (read more)