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German regulator BaFin flags GTS Financial LLC as not authorised

In the official statement, BaFin Stated:

The company claims on its website that it is regulated by the U.S. Securities and Exchange Commission, but this cannot be verified.

The regulator added:

Companies that conduct banking business or provide financial services in Germany require authorisation under the KWG. However, some companies operate without the necessary authorisation. Information on whether a particular company has been authorised by BaFin can be found in BaFin’s database of companies.

Steffy Bogdanova

Steffy Bogdanova

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
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