Financial Regulation Updates in Germany: BaFin Warns Against Unlicensed Capital Investments on Profitwallet Expert Website

The German Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers regarding the company Pavagenis S.L. of Marbella, Spain, represented by its manager Walter Jörns Bühner. The company is offering capital investments in Germany without the required prospectus through the website profitwallet.expert.

Unlicensed Capital Investments

According to BaFin’s evidence, Pavagenis S.L. is targeting German consumers with unlicensed capital investments, which are being offered without a published prospectus as required by law. The company claims to offer interest payments and principal repayments for the provision of money from EVTS TECHNOLOGIES SDN BHD, brand name “Profitwallet”, within the meaning of section 1 (2) no. 7 1st alternative of the German Capital Investment Act (Vermögensanlagengesetz - VermAnlG).

Warning to Consumers

Consumers are advised to exercise extreme caution when considering such offers and to thoroughly research the company and its representatives before making any investment decisions.

Importance of Financial Regulation

This warning highlights the importance of proper financial regulation in Germany, ensuring that investors are protected from potential scams and fraudulent activities. The BaFin’s efforts to monitor and regulate the financial market are crucial in maintaining investor confidence and preventing financial losses.

Tips for Investors

• Always research the company, its representatives, and the investment itself before making any decisions. • Ensure that you receive a published prospectus before investing in any capital investments. • Be vigilant when dealing with unfamiliar companies or websites offering investment opportunities.

Conclusion

The BaFin’s warning serves as a reminder of the importance of financial regulation and the need for investors to be cautious when considering investment opportunities. By staying informed and exercising due diligence, consumers can protect themselves from potential scams and fraudulent activities.