As part of its action plan for consumer protection in the financial market, in July 2014 the German government presented draft legislation aimed at protecting small investors, to be voted on after the summer break. It isn’t just since the insolvency of Prokon that lawmakers have recognised a need to act. This is why BaFin, the Federal Financial Supervisory Authority, will in future also monitor the ‘grey’ capital market and, for example, warn investors of risky financial products ... read more
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