Erscheinung:08.07.2020, Stand:updated on 10.08.2020 | Topic Unauthorised business Capital Letter GmbH: Bafin orders the cessation of cross-border proprietary trading
In a notice dated 30 April 2020, effected on 1 July 2020 by public notice, BaFin ordered Capital Letter GmbH, Munich, to cease cross-border proprietary trading immediately.
On its trading platforms www.stsroyal.com, www.gfxroyal.com und www.brightfinance.co, the company offers German customers financial contracts for difference (CFDs) based on underlying assets such as Forex, indices and commodities.
The administrative order is final.