BaFin Expands Crackdown on Unauthorized Investment Platforms and Prospectus Violations

Germany’s financial regulator, Federal Financial Supervisory Authority (BaFin), has issued a fresh wave of warnings against unlicensed investment platforms, suspected recovery scams, and illegal securities offerings as part of its ongoing campaign against online financial fraud.

BaFin warned that several firms were allegedly offering financial, investment, cryptoasset, or payment services in Germany without authorization. The regulator also raised concerns over fake regulatory claims and suspected identity fraud.

Among the latest warnings, BaFin said Kosovo-based BOSS.BSS L.L.C. may have illegally offered shares of Hartmann & Benz Inc to the public in Germany without the required securities prospectus.

The regulator also flagged multiple suspicious trading and investment websites, including platforms allegedly operating without authorization or falsely claiming regulation in jurisdictions such as the UK, Australia, and Cyprus.

BaFin reminded investors that any firm providing financial or crypto-related services in Germany must hold proper authorization from the regulator. Consumers were urged to verify firms through BaFin’s official company database before investing.

The watchdog also stressed that legitimate regulators do not request upfront payments or guarantee fund recovery services, warning investors to remain cautious of platforms promising the return of losses from previous scams.

Entity / Website	Allegation	Screenshot
BOSS.BSS L.L.C. / Hartmann & Benz Inc	Suspected unlawful public securities offering without approved prospectus	/
miralim(.)com / Mirax LTD	Unauthorized financial and investment services; false regulatory claims	/
gray-summit-group(.)com	Suspected unauthorized financial services
swisscape(.)com / swisscape(.)net	Suspected unauthorized banking or financial services	/
fxplus(.)ai	Suspected unauthorized financial services
dexcpt(.)com / DEX Capital	Suspected recovery scam and unauthorized investment services
sogoinvest(.)com	Unauthorized services; false UK regulation claims
elitetradingsol(.)com	Suspected unauthorized investment services and identity fraud