BaFin finds Ontake Research in breach of section 86 (1) German Securities Trading Act (WpHG).

04.02.2020

BaFin finds Ontake Research in breach of section 86 (1) German Securities Trading Act (WpHG).

According to BaFin, the person has failed to notify BaFin of its activity pursuant to section 86 (1) German Securities Trading Act (Wertpapierhandelsgesetz - WpHG). Furthermore, the website of ONTAKE RESEARCH does not contain any imprint, so that its seat or place of residence is unknown.

The exact wording of the warning can be found here.

In the press release, BaFin also generally recommends that, before making investment decisions, you obtain information from several sources and that you verify their reliability.