Financial regulatory body, Bafin, issues advisories about potential risks associated with certain financial service providers.
In a bid to safeguard investors and maintain a fair financial market, the German financial supervisory authority, BaFin, has been actively enforcing regulations against various entities operating illegally or failing to meet prospectus requirements.
One of the recent instances involves Steffen Scherer, who is offering direct investments in Photovoltaic Plants without a prospectus. However, it has been revealed that Share BNB Ltd., the company behind this operation, is engaged in deposit-taking business without a license, a practice that BaFin has prohibited.
Similarly, Bafin has banned the marketing, distribution, and sale of shares of Terraoil Swiss AG in Germany due to significant concerns for investor protection. Even expert opinions on Terraoil's planned oil production did not convince BaFin.
Eight UDI companies (Energie Mix Festzins and Energie Festzins III to IX) are now in insolvency after being ordered to stop and wind down their deposit-taking business.
Pegasus Development GmbH has also been warned to halt the public offer of a bond in the form of an "Anleihe" (ISIN DE 000A289EY1) due to the absence of an approved prospectus.
Mayfair/Myfair International AG, on the other hand, is publicly offering Klarna shares and exchange-traded shares of Check 24, but the prospectus is missing for this financial instrument.
BaFin has also warned consumers about fraudulent impersonation in WhatsApp groups by unknown individuals falsely claiming to be employees of Union Investment Privatfonds GmbH.
Moreover, BaFin has explicitly warned against the websites ma-banco.com and hauptstadtbank.com, clarifying that no such authorized financial institutions operate under these names in Germany.
It is essential for investors to seek legal advice before transferring their claims to agreements with Ramford Analytics, Canadian Mineral Resources Inc., Planet Clean Recycle Industries Corporation, Capital Global Markets, Mayfair/Myfair International AG, Steffen Scherer, and Pegasus Development GmbH.
As of August 2025, BaFin has publicly identified and taken action against certain entities and financial instruments for illegal operations, failure to meet prospectus requirements, or investor deception in Germany. However, it is important to note that there is no publicly available comprehensive or current list detailing all banned financial instruments or entities due to illegal operations or prospectus failures in this timeframe.
For the most accurate and up-to-date information, investors are advised to refer to BaFin’s official website and announcements, as the available public reports highlight specific enforcement actions and warnings rather than a full list.
- The insurance industry, finance, and business sectors have been impacted by BaFin's widespread enforcement of regulations, with entities like Steffen Scherer and Pegasus Development GmbH being warned over the absence of prospectuses in their operations.
- Investing in certain financial instruments, such as those offered by Mayfair/Myfair International AG and Steffen Scherer, may pose risks to investors due to the lack of approved prospectuses, as highlighted by BaFin's ongoing actions to maintain a fair and legal financial market.
