interactive-trading.com: BaFin Investigates Innovative Software Solutions LLC
Date
KWG),
BaFin wishes to clarify that Innovative Software Solutions
LLC, Saint Vincent and the Grenadines, has not been granted authorisation to conduct banking business or to provide financial services, as required under the
KWG. The company is not subject to BaFin’s supervision.
Based on the information provided on the website operated by Innovative Software Solutions
LLC (interactive-trading.com), there are grounds which indicate that the company is conducting banking business/providing financial services in the Federal Republic of Germany without the required authorisation.
Under the
KWG, authorisation is required in order to conduct banking business or provide financial services in Germany. Some companies do so without the necessary authorisation, however. Information on whether a certain company has been authorised by